Seawind’s purchase of Corsair Marine is creating a “close-knit entity”

Seawind’s purchase of Corsair Marine is on track to creating a “close-knit entity” according to Managing Director Richard Ward.

“This acquisition will create one of the world’s most comprehensive and exciting yacht builders,” he said. “The two companies have products and manufacturing processes that strongly complement each other.”

Mr Ward said Seawind is building on the local knowledge and expertise that Corsair has developed over the past four years to lower its own production costs by outsourcing transportable components to the Corsair facility in Vietnam. Seawind production continues in Australia at the company’s new $2.5 milllion plant near Wollongong south of Sydney.

“Not only are we joining forces with a multihull production company that has been very successful in its own right,” he said, “but we are picking up their manufacturing expertise and tapping into a network of sales agents that stretch around the globe.”

Mr Ward said that both Seawind and Corsair customers are benefiting from the combined company.

“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,” he said.

“Corsair customers will gain these benefits as well as strong Seawind management and greater financial strength.

“We are integrating our quality control systems so that, whether a boat is branded Seawind or Corsair, the quality will be the same high standard.”

“Ultimately, we are improving profitability in our company so that we can remain strong and competitive in a global market to ensure we will be around for another 25 years or more.”

Corsair has been building performance trimarans for 25 years and has launched more than 1,600 boats, with successful export markets including the USA, Europe and Australia. The company’s current range includes the Dash and Sprint 750 models (24ft) as well as the C28, C31 and C37 trimarans. An awesome 50ft performance catamaran, designed by world famous Reichel Pugh, completes the Corsair lineup.

Established in the USA in 1984, Corsair Marine was bought by Australian Corsair dealer Paul Koch in 1994 but remained at its home base in San Diego, California. Four years ago the company relocated its manufacturing plant to Vietnam from where they now export to every continent in the world.

Seawind Catamarans is Australia’s largest and most awarded sailing boat manufacturer, with 28 years of innovation and excellence in the field of performance cruising catamarans. The company was recently awarded the “Best Exporter of the Year” by the Australian Marine Export Group (AIMEX), and currently manufactures a range of high-end cruising yachts including the newly developed 41ft Seawind 1250, the multi award winning 38ft Seawind 1160, Australia’s most popular catamaran, the 35ft Seawind 1000XL, and the 35ft day charter Seawind 1050 Resort.

For more information, contact:
Brent Vaughan – Sales & Marketing Manager
T: 02- 4285 9985
M: 0418 670 751
E: brent@seawindcats.com