Marquis Yachts signs JV agreement in China
Published: Thursday, 19 January 2012
Photos by Marquis Yachts and Godfrey Zwygart
It was announced today that the Marquis Yacht Company, with manufacturing and offices located in Wisconsin (wholly-owned subsidiary of J&D Acquisitions, LLC), has formed an exclusive partnership in China with one of China’s largest and most important state-owned companies, the Poly Technologies Inc. (Poly) for the sales and distribution rights for Marquis yachts throughout China. The new JV will be called the Poly Marquis Yacht Co. Ltd. (Poly Marquis Company).
Irwin L. Jacobs, Chairman of J&D Acquisitions, LLC (J&D) stated, “This is one of the most important and exciting days I’ve ever experienced throughout my 35 years in the recreational boating industry. Our new partnership with Poly is clearly the most significant business event throughout our yachting company’s history. It is anticipated that over the next few years, China’s recreational yachting and boating market is emerging to become one of the largest recreational yachting markets in the world, and with our new Poly Marquis JV partnership, we’re very confident that the Poly Marquis Company will become one of China’s largest and most important sellers of Marquis Yachts in the world. Over the next 30 to 45 days, the Poly Marquis Company is opening a new fully-staffed distribution sales and full service center at the beautiful new Serenity Marina and Yacht Club in Sanya, China. The new Poly Marquis Yachting Center will maintain a completely stocked inventory of all new Marquis Yachts ranging in size from 42’ to 72’ that will supply the Marquis dealers throughout China. The new Sanya Marquis Yacht Center will have China’s most completely staffed service department with qualified in-house technicians to professionally service, manage and maintain Marquis customers’ needs throughout all of China.”
Poly Chairman Jiang stated, “We believe that the recreational boating and yachting industry market in China will become one of the world’s largest and most important retail markets in a relatively short period of time. Poly has spent a great deal of time and effort in researching the world for a potential yacht manufacturing company to partner with Poly who we believe builds the highest quality yachts along with the most modern styling and forward-looking designs to meet the tastes and needs of the discerning Chinese consumers of today and in the future. After studying the yachting industry for over one year, Poly concluded that the Marquis Yacht Company clearly excelled beyond all other yacht manufacturers on which we have done research in building the finest and most beautiful yachts in world.”
Poly is one of China’s largest and most important state-owned companies that manufactures and distributes throughout China and other parts of the world several of China’s finest, most well-recognized products, i.e. exclusive distributor and retailer through China for Ferrari, Maserati, and Mercedes Benz automobiles as well as several other high-quality products and cultural & art businesses such as artwork auction. Chairman Jiang further stated, “Poly Company has a very large, loyal and unique customer base that numbers in the tens of thousands of individuals who have purchased many of our high-end automobiles, jewelry, real-estate, and auction items that Poly sells and distributes throughout China, many of whom we believe will become customers of Marquis Yachts. Poly is committed to doing everything possible in supporting our newly-formed JV partnership with Marquis into becoming China’s largest and most successful yachting company.”
Marquis is having its annual customer cocktail party at the Miami Boat Show on February 17, 2012 where Mr. Jacobs will introduce Chairman Jiang of the Poly Company to the global boating media. Marquis will also be unveiling its all new 63’ Marquis Sport Bridge at the Miami Boat Show. On April 6, 2012 in China, the Poly Marquis Company will be hosting a reception for dignitaries, invited guests and Chinese customers at the Visun Royal Yacht Club in Sanya, China, where it will have a major presence of its Marquis Yachts on display.
Mr. Michael Marcotte will become the new General Manager of the Poly Marquis JV and will work out of the new Poly Marquis JV office at the Sanya Serenity Marina and Yacht Club.