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News Raytheon Marine Purchased By Management Buyout Group The management of Raytheon Marine Company (RMC) has successfully pur- chased the recreational marine products division for $108 million. The manage- ment buyout team was backed by the European venture capital firm Mercury Private Equity. Led by CEO Rick Kane, former managing director of RMC, the management buyout group is comprised of five additional managers from the leadership team with extensive experience in product development, logistics, manufacturing and finance. The new company will operate as Ray- marine Company. The Company is firmly established as a technological leader in marine naviga- tion equipment with award winning products such as the Pathfinder radar; Autohelm Series of autopilots and instruments; and Raychart navigation systems. The sale includes Recreational Marine's headquarters and manufactur- ing operations in Portsmouth, U.K. and its sales and engineering operations in Nashua, N.H. and Fort Lauderdale, Fla. There are approximately 575 employ- ees at these sites. The management buyout group stated that there are no plans of downsizing the workforce. Kobelt Establishes Presence In Houston, Texas Kobelt Manufacturing has opened an office in Houston, Texas in order to expand upon its presence in the Latin America and Gulf of Mexico market- place. The Houston office will be located at: Kobelt Americas, 11600 Jones Rd., Ste. 108-10, Houston, TX 77070, tel: (281) 517-5126; fax: (281) 517-5127. GE Marine Starts Engineering For Eighth LHD GE Marine Engines has received par- tial funding from Ingalls Shipbuilding to begin the engineering work on equip- ment to be used on the U.S. Navy's eighth LHD Wasp-class large-deck, multipurpose amphibious assault ship. Measuring 844 ft. (257.2 m), the vessels displace 40,500 tons. This LHD project represents several milestones. The ship will be powered by two GE LM2500+ aeroderivative gas turbines, with GE main reduction gear- ing (two gearboxes). This marks the first military application of GE's LM2500+ gas turbine. Currently there are 20 LM2500+ in or slated for operation worldwide on vari- ous commercial fast ferries and cruise ships, with an additional 74 units in diverse power generation applications. The LM2500+S each will have the U.S. Navy rating of 35,000 shp for the LHD application. GE expects to finalize the U.S. Navy certification for this rat- ing by the end of 2001. The ship will also feature a unique hybrid electric drive system, with elec- tric motors providing propulsion power at low loitering speeds. The previous seven LHD ships, also designed and built by Ingalls, were powered by steam propulsion systems. Six of the large ships, designed to carry some 2,000 Marines, have already been delivered to the U.S. Navy by Ingalls, and are active in the Fleet. LHD 7, recently christened Iwo Jima, is currently under construction and is scheduled for delivery in mid-2001. Circle 15 on Reader Service Card Can ABS Type Approval Give Me a Competitive Edge? ABS Type Approval demonstrates to clients that your product is designed and produced to the highest applicable standards. Clients around the world who demand the best look for ABS Type Approved Products. For more information contact us at: Tel: 281-877-6018 Fax: 281-877-6012 Email: type_approval@eagle.org TYPE APPROVAL PROGRAM www.typeapproval.org Circle 201 on Reader Service Card Worldwide spare parts deliveries for the ship department on time ^MOTOR-SERVICE AB Stationsvagen 4 • SE-144 61 Ronninge * Sweden Phn: +46 8 532 535 42, +46 8 532 551 40 • Fax: +46 8 532 544 51 www.motorservice.se • sales@motorservice.se Circle 239 on Reader Service Card fflm fflflUIS DIESEL RJ FILTERS a TANKS Optimal Fuel Quality MORE POWER-LESS SMOKE Zero Maintenance Lifetime Warranty JIlBkVk 1-877-425-4239 Before Cleaning Tanks or Replacing your Fuel Dealer Inquiries: 1-877-425-4239 Fax: 941-463-7855 www.aigae-x.net e-mail: aigae-xoatt.net Circle 202 on Reader Service Card \ Barnacle, Paint, and Rust Remover V Rapidly remove paint, rust, scale, barnacles, and other hard coatings from metal and concrete surfaces without heavy pressure. New Swirl-Off scarifier attaches to your grinder, sander, drill, or polisher. Rotary tool scours tough deposits. Using pneumatic tools, it removes marine growths underwater. Easier, faster, and safer than scraping, sandblasting, or chemicals. There's nothing else like it! Ask for Bulletin MAR-1 showing many models and styles. DIE E5 IVl CD IVI13 The Desmond-Stephan Mfg. Co., P.O. Box30, Urbana, Ohio 43078 Phone 937-653-7181, Fax 937-653-5511 ."Trademark of The Desmond-Stephan Mfg. Co. March, 2001 www.maritimetoday.com Circle 216 on Reader Service Card 39
