News: Kadey-Krogen Group Acquires American Tugs

American Tugs Acquired By Kadey-Krogen Group
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Big acquisitions sometimes come in small packages. The latest news coming from the coastal/trawler section of the industry is that the Kadey-Krogen Group has acquired American Tugs. American Tugs based in LaConner, Washington has delivered over 250 cruising boats over the years having established itself around 1999. The largest boat American Tug currently makes is the American Tug 485.

For those wondering how the new acquisition will affect American Tugs. The acquisition will not impact production of the American Tugs, Krogen, or Summit brands, as The Kadey-Krogen Group intends to continue marketing each brand separately, thereby preserving the existing status quo. However, there will be opportunities for collaboration and synergies in production, including purchasing and tooling for new models. Kadey-Krogen builds boats up to 21.3-meters (70-feet) and has been in operation since 1976 with its headquarters located in Stuart, Florida.

For more information:

Kadey-Krogen Yachts
415 NW Flagler Ave.
Suite 301
Stuart, FL 34994
www.***************

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