Stabicraft Marine sells stake to Simplicity as founder Paul Adams stays on board

odt.co.nz

Stabicraft Marine has sold 35.9% of its business to Simplicity, a New Zealand-owned private equity firm. Founder Paul Adams will continue to lead the company. This marks a new partnership aimed at expanding Stabicraft's success. Simplicity's managing director noted the strong connection between the brand and its people. Stabicraft plans to grow its global presence after facing challenges during the Covid-19 pandemic. The company previously announced job cuts while navigating difficulties in the marine industry.


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Stabicraft Marine sells stake to Simplicity as founder Paul Adams stays on board | News Minimalist