Correct Craft recently announced its newest acquisition, Merritt Precision. Merritt Precision will immediately be vertically integrated into Correct Craft’s innovation subsidiary, Watershed Innovation and will function as a standalone business.
Merritt Precision manufactures highly sophisticated plugs for the marine, automotive, and aerospace industry in Merritt Island, Fla.
Correct Craft has no plans to change the management. Doug Keehn and Ben Ousley will continue leading the company as Vice President/General Manager and Vice President of Operations respectively. Watershed has bold plans to grow the business in support of the company’s deep commitment to culture and innovation.
Doug Keehn, Merritt Precision Vice President/General Manager stated, “As part of Correct Craft, we will continue to provide the high level of quality, service, and confidentiality that customers have come to expect from Merritt Precision. We are also very excited to leverage Correct Craft’s proven platform of cultural and financial resources to fuel our company’s growth.”
“As a long-term customer, we know Merritt Precision operates at the highest levels of competency and integrity," Watershed President Sean Marrero said. "Through expanded capacity and new technologies, Merritt Precision will create even greater value in the future as part of Watershed’s vision of creating a better tomorrow today.”
Bill Yeargin, Correct Craft President and CEO stated, “Merritt Precision is a company with an impeccable reputation and a team that does world class milling. This acquisition is well beyond a typical vertical integration; Merritt Precision will provide Correct Craft a platform that will help us to significantly accelerate our innovation initiatives.” Yeargin added, “Our relationship with Merritt Precision is one that we have always valued, and it is now nice to have them as part of the Correct Craft family!”