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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Correct Craft acquires electric boat drive system
Correct Craft recently announced its newest acquisition, an electric boat drive system, Ingenity P220, that originated in Austria. The acquisition is a result of Correct Craft’s Watershed Innovations initiative and will help prepare Correct Craft’s Pleasurecraft Engine Group and the company’s boat brands for the inevitable future beyond internal combustion engines. Previously built by Ortner Electric in Villach, Austria, the ...
Read More »Correct Craft employees complete Jamaica service trips
More than 60 employees from several Correct Craft companies recently visited Montego Bay, Jamaica, on employee service trips. Two employee groups traveled between June 29 and July 8. Employee volunteers from Correct Craft and its various subsidiaries (Nautique, Centurion, Supreme, SeaArk, Bass Cat, Yar-Craft, Bryant, Aktion Parks and Pleasurecraft Engine Group) banded together to help Naz Children’s Center, a school ...
Read More »Pleasurecraft signs multiyear engine contract with GM
Pleasurecraft Engine Group has signed a multi-year contract extension with General Motors. Pleasurecraft and General Motors’ relationship dates back more than 40 years and for the last 20 years GM has been the exclusive powertrain in all Pleasurecraft engines. In 2015, Pleasurecraft partnered with GM Marine to produce the PCM Hyperformance H5 and H6 — the first direct injection engines ...
Read More »Correct Craft companies celebrate manufacturing day
On Friday Correct Craft companies across the country hosted local students from area high schools and colleges as part of National Manufacturing Day. Manufacturing Day is an annual event during which North American manufacturers open their doors to showcase the potential of modern manufacturing and foster interest in manufacturing careers, while changing the misperception of manufacturing as an antiquated industry ...
Read More »Correct Craft increases revenue 47 percent, best year in company history
On Tuesday, Correct Craft announced that the 2016 model year was the best year in the company’s ninety-one year history. Correct Craft’s growth strategy, which is a combination of internal optimization and targeted acquisitions, resulted in significant growth for the model year ended June 30, 2016 as revenues increased 47 percent and net income increased 45 percent compared to the ...
Read More »Mark McKinney new Pleasurecraft president
Mark McKinney has been appointed president of Pleasurecraft Engine Group, following the recent retirement of long-time President, Chuck Thurman. Pleasurecraft is the manufacturer of PCM, Crusader, Challenger and Levitator Engines. McKinney joined Pleasurecraft in 1991 and after a brief time working in customer service was promoted to vice president of operations, where he has served for the last 20 years. ...
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