I just saw the press release. That's a big deal. I know they already had a big foot in the door but this changes things. Pretty cool move.
What do you guys think? (I actually didn't know if this belonged in the boat or wake forum because this acquisition is dripping in crossover appeal, so I put it here - mods please move if that was dumb of me)
Quote:
ORLANDO, FLA (August 17, 2012) — Today Correct Craft announced its purchase of the Orlando Watersports Complex (OWC), the world’s premier cable wake park, effective August 20.
OWC, the world’s most visited wake park (located in Orlando, Florida) is a must-visit destination for wakeboarders and skiers from all over the world. OWC’s three cable systems combined with a boat lake (where riders and skiers can train behind Nautique boats) provide an unparalleled opportunity for watersports enthusiasts to enjoy their sport in the world’s number one tourist destination.
Rene Hofmann, Founder and General Manager of OWC, stated “I greatly admire Correct Craft and its team as well as the company’s prestigious Nautique boat brand. I am thrilled that the watersports industry’s best and strongest company is acquiring OWC and that I have the opportunity to be a part of their team.” “I look forward to working with the Correct Craft team on not only ensuring OWC remains the world’s premier cable park but also exploring other opportunities for us to expand in this growing segment of our industry,” Hofmann added.
Correct Craft’s President/CEO Bill Yeargin stated “I have visited cable parks all over the world and OWC is the best in the world. We view OWC as complementary to our Nautique boat business and will work with Rene to continue bringing people into our industry.” “We are also excited to have Rene join our team and work with us to further enhance OWC while also pursuing other cable opportunities around the globe,” added Yeargin.
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Pretty interesting. I think I saw this coming, but not this soon. Man... Correct Craft making some big time moves for 2012.
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