Tag Archives: Bill Yeargin

Correct Craft purchases milling company

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 ...

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USMCA: Let’s get it done

The past few weeks have been good for the boating industry related to Canada and Mexico. President Trump lifted the 232 tariffs on aluminum and steel and Canada lifted the retaliatory tariffs that were hurting our industry on both sides of the border. Now we are focused on the final step of putting the North American trade war behind us; ...

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Correct Craft CEO discusses global trade with Vice President Pence, elected officials

Correct Craft President and CEO, Bill Yeargin, met U.S. Vice President Mike Pence, U.S. Senator Rick Scott, and several Congressmen in Jacksonville, Florida, to discuss global trade. Yeargin was the only non-elected official invited to serve on a panel that discussed the U.S., Mexico, Canada Trade Agreement (USMCA). Vice President Pence used the event as an opportunity to share the ...

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Hey, D.C. – The House is on Fire!

In the late 1990’s the U.S. government was running a budget surplus with plans to be totally out of debt by 2006. Shortly after the new millennium our leaders decided to cut taxes, add prescription drugs as a new Medicare entitlement, and fight two wars on a credit card, all of which created significant annual deficits and turned a good ...

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Correct Craft Encourages Students’ Educational Efforts

The assignment for a mechatronics class of high school juniors and seniors taking a course at Cleveland State Community College (CSCC) was simple, but not easy; design and build an “amphibious vehicle” that operates on both road and water. And they turned to Correct Craft for help. The company hosted the students at their Tennessee facility and also donated components ...

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Correct Craft acquires Parker Boats

Correct Craft announced that Parker Boats has joined the Correct Craft family. Based in Beaufort, N.C., Parker is a 55-year-old company that builds premium offshore and inshore fishing boats. While the acquisition allows Correct Craft to enter into a new segment of the marine industry with a new product line, it enables Parker to expand its production capacity and leverage ...

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Correct Craft acquires transmission company

Correct Craft announced its newest acquisition, Velvet Drive Transmissions. Velvet Drive will be vertically integrated into Correct Craft’s engine company, Pleasurecraft Engine Group.   Velvet Drive manufactures marine transmissions and offers a variety of custom gearing for specialized industrial equipment in Liberty, South Carolina. Velvet Drive, now a part of Pleasurecraft Engine Group, will remain in Liberty and Correct Craft ...

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Reading equals success

At Correct Craft and our companies, we have a reading culture that has significantly contributed to our success. We talk about the importance of being “learners” vs. “knowers” and reading plays a key role in our focus on continuous improvement; at pretty much any given time some group of our team is working through a book. Our team knows I ...

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Congressional Boating Congress, industry members hold briefing on Capitol Hill

NMMA, marine manufacturers, and members of the Congressional Boating Caucus – including Representative Jackie Walorski (R-IN-02), Representative Bill Huizenga (R-MI-02), Representative Joyce Beatty (D-OH-03), and Representative Jared Huffman (D-CA-02) – assembled for a briefing on Capitol Hill to discuss the economic impact of the recreational boating industry. The event – titled “Boating Industry Briefing: Jobs, Businesses, and the Economy” – ...

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Ending retaliatory tariffs with USMCA ratification

Each year the boating industry gravitates to its biggest (and sunniest) boat show in Miami to meet and discuss important issues and last week was no exception. During numerous board meetings, roundtables and other industry gatherings we worked together to tackle some of our top concerns. And, global trade and tariffs were at the top of the list in every ...

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