Michigan Wheel Marine and Nakashima Propeller Co Ltd Announce New Strategic Partnership

Posted in General  
Wednesday, November 19, 2014

Michigan Wheel Marine and Nakashima Propeller Co Ltd have announced a new strategic partnership that is designed to combine their respective business strengths and promote co-operation in developing and expanding their global marine propulsion businesses. Negotiations have been ongoing for several months during which time business operations of both organizations have continued to expand, and it is on the foundation of this strength that the deal was signed. As part of the agreement Nakashima has acquired a 30% stock holding in Michigan Wheel Marine. Michigan’s President and CEO Stan Heide said; “This alliance is a logical extension of... Read More