Stabicraft Marine Expands to North America with New Investment
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Stabicraft Marine, a leading South Island-based aluminum boat manufacturer in New Zealand, is making strides in expanding its operations into the North American market with a new investment led by KiwiSaver Fund. The company aims to boost its exports to the North America region, focusing on countries like the United States, Canada, and Alaska. CEO Aaron Greene emphasizes that while the move represents a significant opportunity, it also acknowledges the differences between New Zealand and North America, particularly in terms of market entry strategies. With over 40 years of experience, Stabicraft Marine was founded by Bruce Dickens and Paul Adams, who now holds approximately 64% ownership after stepping down from the board to focus on developing the StabiX amphibious boat line. The KiwiSaver Fund's acquisition of nearly 36% of the company has enabled faster progress in certain areas. Viewers are encouraged to listen to Markets with Madison for more insights into Stabicraft's story and building process, as well as investment discussions and expert opinions. disclaimer: This article is for general information only; please consult a financial advisor for personalized advice.