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navtec to navtec

The Biz

From IBI News: Marine hardware manufacturer Lewmar has sold its rigging division, Navtec, to Navtec Rigging Solutions Inc in a private deal. The sale includes both the US operation in Guilford, Connecticut and Navtec Sud, a smaller manufacturing and service centre based in Mandelieu, France.

Allen Goddu, owner of Navtec Rigging Solutions Inc, is also president of Impact Alloys – a long-term supplier of raw materials to Navtec. According to a company statement, the deal represents a natural progression for the aim of increasing vertical integration within the business.