June 13, 2017
Management Team acquires company, Founder Tom Derrer to retire after nearly 47 years
(Burlington, WA) Eddyline Kayaks, a leading manufacturer of kayaks, paddles, and related accessories, has been acquired by its management team. Founder Tom Derrer and his wife Lisa are retiring nearly 47 years after forming the company. As part of the acquisition, Scott Holley has joined the company as president. He joins the existing management team of Todd Keane, Tom Remsing, and Janet Sutton.
“From Eddyline’s earliest days, we have been at the forefront of innovative designs and processes, culminating with the industry’s first thermoformed ABS kayak. This transition is the result of several years of discussion and careful planning. We are thrilled that our legacy of “legendary designs” will be entrusted to this unparalleled team.” said Tom Derrer, founder and President of the company. “While Lisa and I have looked forward to retirement, it was important that the company we love would continue with people we’ve known for many years, and who we trust to carry on the legacy we’ve created. I’m pleased that the company and its employees will stay right here in the Pacific Northwest. We will continue to be supportive of the Company’s ongoing success under the new ownership team.”
“The team has been in place for several years and in that time we’ve experienced significant growth, more than doubling both sales and production” said Tom Remsing, VP of Sales & Marketing. “Managing that growth while preserving the level of quality Eddyline is known for has been our primary focus. Going forward we’ll put a renewed emphasis on innovation while preserving Tom Derrer’s legacy of user-friendly, high-performance design.”
The management team brings plenty of experience to the table. Todd Keane, who will continue to serve as VP of Production, has been with Eddyline over 22 years. Tom Remsing is in his 20th year of affiliation with the company, first as the Northeast Regional Rep and later in his current role heading sales and marketing. Janet Sutton, VP of Operations, joined the company in 2014 after 18 years in the recreational boating industry. Scott Holley, Eddyline’s new president, joins the company after a successful career in consulting and transaction advisory work. “I’m thrilled to join the Eddyline team,” said Scott. “Together with the current management team, we have developed a plan to continue as one of the industry’s leading paddlesport manufacturers; recognized for quality, customer service, and innovative designs.”
About Eddyline Kayaks: Founded in 1971 in a small shop in Boulder, CO, Eddyline Kayaks is a manufacturer of premier kayaks and paddles. In 1996, Tom Derrer and his staff changed the industry when they first introduced thermoformed kayaks to the paddlesport market. Eddyline has always been a family business, focused on quality rather than quantity. Our designs are a direct reflection of Tom Derrer’s 50+ years of paddling experience and our philosophy of constant improvement, lean manufacturing and superior customer service.
FOR MORE INFORMATION, CONTACT
Tom Remsing, VP of Sales & Marketing
(360) 757-2300 / email@example.com