Going over to the dark side.
The Beneteau Group announced it bought Rec Boat Holdings, a group of U.S. brands owned by Platinum Equity Group, which includes Michigan-based Four Winns, Glastron, Wellcraft and Scarab. Beneteau says the acquisition is in line with the group's development strategy for the North American market. The private equity group retains ownership of Flippin, Ark.-based Fishing Boat Holdings, maker of the Ranger, Triton and Stratos boat brands that were also acquired at that time. Bill Coleman C&C 39
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