Yesterday after the bell, Latitude Industries (LTDI.PK), a manufacturer of high-performance powerboats, announced that the company has entered into an agreement with Mercury Marine to distribute their various outboard engines.
Mercury Marine, with over $2.3 Billion a year in sales, offers consumers a wise selection of outboard engines; ranging from the Four Stroke Verado to the High Performance Optimax SX race engines of up to 300 horsepower.
Nathan Holland, OEM Saltwater Business Manager, stated, “Mercury Marine is committed to seeing companies like Latitude Powerboats (LTDI.PK) succeed in this market.”
Orlando Hernandez, COO of Latitude Powerboats, added that this agreement will allow both Latitude industries and Mercury Marine to enhance their sales and increase revenue.
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