Australian catamaran builder Seawind Catamarans purchased Corsair Marine, a builder of trailerable trimarans, the company announced.
Terms of the deal were not disclosed.
“This is a marriage made in heaven,” Seawind managing director Richard Ward said in a statement. “The two companies have products and manufacturing processes that strongly complement each other. For both Seawind and Corsair it will signal new growth opportunities in both the manufacturing and sales areas.”
Seawind said customers of both companies will benefit from the combined business.
“Our loyal Seawind customers will see benefit in technology transfers, as well as the cost benefits of a larger overall manufacturing base and the integration of some common componentry,” Ward said.
Established in the United States in 1984, Corsair Marine was bought by Australian Corsair dealer Paul Koch in 1994, but remained at its home base in San Diego. Four years ago, the company relocated its manufacturing plant to Vietnam.
“This was a good move for the company, resulting in significantly reduced manufacturing costs while also improving overall quality due largely to a combination of skilled American and Australian management and a highly resourced and well-trained local labor force,” Koch said in a statement.
