Almere, Netherlands – December 5, 2017 – Yanmar officially announces that it has reached an agreement on the acquisition of 100 percent of the shares in Flexofold ApS (“Flexofold”). Flexofold, located in Denmark, is a global leading developer and manufacturer of superior low-drag folding propellers for sailboats and multihull yachts. With Flexofold, Yanmar further expands and strengthens its position in the recreational marine industry.
Shiori Nagata, president of Yanmar Marine International (YMI), said, “Flexofold is a great company and we are pleased to announce that Flexofold is joining the Yanmar Group. Flexofold and Yanmar are both leaders and strong brands in their respective segments in the recreational marine industry. Together, we will be able to further expand and strengthen our product offerings to sailboat builders, distributors and ultimately sailboat end-users.”
Flexofold was established in 1992 by dedicated navigator Jack Skrydstrup, who started developing high-quality folding propellers after many years of experience in hydrodynamics.
“We are very proud to join the Yanmar Group,” Skrydstrup said. “The strategic fit between Flexofold’s sailboat propellers and Yanmar’s recreational marine products, including their marine engines, is obvious. Moreover, we share the same entrepreneurial spirit, and being part of Yanmar is an excellent move for Flexofold to continue and accelerate its ambitions as a global premium sailboat propeller provider.”
Flexofold will continue to operate from Denmark, maintaining its own distinct brand identity. Jack Skrydstrup, founder of Flexofold, will remain employed at Flexofold as special adviser focusing on R&D and product development.