Tag Archives: Rinker

Polaris Inc. recently announced it has made the strategic decision to focus its marine investments and growth efforts on its flagship boating brands. As a result, Polaris will stop producing Rinker, Striper and Larson FX boat brands at its Syracuse, Indiana plant in June. “This decision was made after extensive consideration of every available alternative,” said Bob Mack, president of ...

Polaris Industries Inc. today reported third quarter 2018 sales of $1.65 million, up 12 percent from $1.48 million for the third quarter of 2017. Overall, adjusted sales for the third quarter of 2018 were $1.65 million, up 12 percent from the prior year period. Boat segment sales, which consist of the Boat Holdings acquisition that closed in early July, were ...

Michigan’s Lakeside Motor Sports — a Boating Industry Top 100 dealer — recently unveiled its new 50,000-square-foot marine showroom and service facility, which is now complete and open for business. The new facility was constructed across the street from their currently operating powersports facility. “This expansion represents our continued investment back into our community to make it better for everyone. Our vision of ...

Polaris Industries Inc. has signed a definitive agreement to acquire Boat Holdings, LLC, a boat manufacturer owned by the Vogel family, management and Balmoral Funds, in an all-cash transaction valued at a net present value of approximately $805 million. Polaris also expects that approximately $100 million NPV of future net tax benefits will accrue to the combined company. When adjusted ...