Lewmar Marine ... Clyde Marine Approves Name Change

Boat Anchors, marine hardware, boat hatches, boat winches and windlasses... 

Clyde Marine plc held an Extraordinary General Meeting on Aug. 22 2007 and voted to approve changing the company name to Lewmar Marine plc. The name change, announced by Peter O’Connell, newly promoted CEO, is expected to better reflect the true nature of the company’s business to the financial market.

Lewmar Marine plc is the holding company of Lewmar winches Lewmar hardware and Navtec whose principal business is the manufacture and distribution of deck equipment and rigging for leisure boats. The strength of Lewmar and Navtec products is centered on global brand leadership, product development and integrated relationships with customers and retail sectors.

In July 2007, Navtec, the world leader in performance rigging for the marine industry, was integrated into Lewmar to become a branded division of the company. This simplified the group’s channel to market and supply chain, increasing market reach and reducing overhead costs.

Lewmar and Navtec combined have four factories and nine sales subsidiaries, offering customers significant manufacturing resources and technical support, according to Mr. O’Connell, who was promoted recently by the board of directors to chief executive officer, from his previous position as chief operating officer.

“The name change is yet another step in our efforts to promote Lewmar as a global brand,” he said.

Lewmar Marine plc is a publicly traded company