Yanmar acquires Flexofold
Yanmar has acquired sailboat propeller manufacturer Flexofold to expand and strengthens its position in the recreational marine industry.
Flexofold will retain its brand and continue to operate from Denmark, while Jack Skrydstrup, founder of the company, will remain as special adviser focusing on R&D and product development.
“Flexofold and Yanmar are both leaders and strong brands in their respective segments in the recreational marine industry," said Shiori Nagata, Yanmar Marine International president.
“Together, we will be able to further expand and strengthen our product offerings to sailboat builders, distributors and ultimately sailboat end-users.”
Flexofold was established in 1992 by Mr Skrydstrup, who started developing low drag folding propellers after many years of experience in hydrodynamics.
He commented: “The strategic fit between Flexofold’s sailboat propellers and Yanmar’s recreational marine products, including their marine engines, is obvious.
“Moreover, we share the same entrepreneurial spirit and being part of Yanmar is an excellent move for Flexofold to continue and accelerate its ambitions as a global premium sailboat propeller provider.”
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