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A Belfast-based company has taken over a global marine business in a £31 million (€35.7 million) deal, the Belfast Telegraph reports.
Survitec Group Limited, based in Dunmurry, has acquired Cosalt Marine, a worldwide supplier of liferafts, lifejackets and survival suits with clients such as the RNLI and P&O Ferries.
Cosalt joins an already bustling portfolio of brands in the Survitec Group, including DSB and Beaufort, as the rebranded Survitec Service and Distribution Ltd.
The company's 450 staff will join the more than 1,000 already employed by Survitec, which operates across the UK and Europe.
The Belfast Telegraph has more on the story HERE.

A Belfast-based company has taken over a global marine business in a £31 million (€35.7 million) deal, the Belfast Telegraph reports.

Survitec Group Limited, based in Dunmurry, has acquired Cosalt Marine, a worldwide supplier of liferafts, lifejackets and survival suits with clients such as the RNLI and P&O Ferries.

Cosalt joins an already bustling portfolio of brands in the Survitec Group, including DSB and Beaufort, as the rebranded Survitec Service and Distribution Ltd.

The company's 450 staff will join the more than 1,000 already employed by Survitec, which operates across the UK and Europe.

The Belfast Telegraph has more on the story HERE.

Published in News Update

About Quarter Tonners

The Quarter Ton Class is a sailing class of the International Offshore Rule racing the Quarter Ton Cup between 1967 and 1996 and from 2005 until today.

The class is sailed by smaller keelboats of similar size and is likely the world's most-produced keelboat class.

The Ton, Half, Quarter, etc. 'classes' were each given a 'length' and yacht designers had almost free rein to work the hull shapes and measurements to achieve the best speed for that nominal length.

The Ton Rules produced cranky and tender boats without actual downwind speed. Measurement points created weird, almost square hull shapes with longish overhangs.

They were challenging to sail optimally and lost value very quickly as any new wrinkle (e.g. 'bustles') to take advantage of the rule made older boats very quickly uncompetitive.

Although its heyday was 30 years ago, the boat class continues to make its presence felt by holding its own in terms of popularity against some fern race fleets.