2019
Correct Craft acquires Merritt Precision, a leader in large-format CNC machining solutions for sophisticated composite parts since 2004. With a strong focus on relationships and experience, Merritt Precision has helped bring ambitious customer ideas to life, contributing to success in various industries. Operating from locations in Merritt Island, FL, and Sweetwater, TN, the company offers 3D design, scanning, milling, and tooling services, meeting the diverse needs of clients in the composite sector.
Velvet Drive Transmissions, a world leader in marine and industrial transmissions for over 65 years, joins the Correct Craft family. Known for their unique technology that ensures quiet, smooth operation, Velvet Drive’s products are built to the highest quality standards. Since the acquisition, Velvet Drive has introduced groundbreaking new products and experienced significant growth. Their transmissions are now used in a wide range of applications, including tournament ski and wakeboard boats, high-performance boats, inboard cruisers, sport fishing boats, sailboats, commercial fishing boats, trawlers, center consoles, runabouts, and yachts.
Parker Marine, founded by the Parker family in 1972, joins the Correct Craft family and changes its name to Parker Offshore, LLC. Known for crafting durable and highly functional offshore and inshore fishing boats, Parker boats offer an exceptional on-water experience built to last a lifetime. With a legacy of quality, performance, and reliability, Parker has expanded its markets from the Florida Keys to San Diego, CA. In 1986, the company moved to its current facility in Beaufort, NC, and later expanded in response to growing demand. Today, Parker continues to deliver exceptional vessels for generations of boating enthusiasts.
