FOR IMMEDIATE RELEASE
Contacts: Jason Pajonk Jim Rhodes
Taylor Made Products Rhodes Communications
+1 518 773 9400 +1 757 451 0602
TAYLOR MADE GROUP®
TO ACQUIRE PERIMETER INDUSTRIES
GLOVERSVILLE, NY - October 15, 2003 - Taylor Made Group® today announced an agreement to acquire Perimeter Industries, a major supplier of docking and mooring products for the boating industry.
Dennis Flint, president of the Taylor Made Group, said, “The purchase of Perimeter Industries is in line with our strategy of growth through acquisition to augment our strong internal R&D programs, in our core businesses and markets.”
Taylor Made Products, a member of Taylor Made Group, is one of the largest and most innovative suppliers of marine aftermarket products, including buoys, fenders, boat covers, bimini tops, dock products, flags, pennants and hardware. Perimeter’s product line will be assimilated into the Taylor Made Product line.
Based in Gardena, California, Perimeter Industries manufactures several product lines including mooring whips, a wide range of dock and post bumpers, and a number of specialty docking and sailing products.
Jason Pajonk, president of Taylor Made Products, said, “The acquisition of Perimeter Industries is a natural extension of our growth in the Dock Products category and compliments our strong market position in boat fenders and buoys.” In the last 24 months, Taylor Made has added a number of docking products to its catalog with the introduction of extruded dock edging, dock steps, mooring whips and floats.
Pajonk noted that Taylor Made Products will maintain the Perimeter brand name, but will shift manufacturing of the Perimeter products to its plant in Gloversville, New York.
The Taylor Made Group, Inc., headquartered in Gloversville, has 95 years of experience as one of the recreational marine industry’s largest, most diversified suppliers. The Taylor Made Group includes Taylor Made Products, Taylor Made Systems and Taylorbrite LLC. The Group operates 11 facilities in the United States, the Republic of Ireland, Australia and New Zealand. Employing more than 800 associates, its products are distributed through a worldwide distribution network.
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