History
The company was founded in 1968 by Randy Repass in Sunnyvale, California with the name West Coast Ropes, selling nylon rope from his garage. The first retail West Coast Ropes store opened in 1975 in Palo Alto, California. With the acquisition of assets from West Products in 1977, the company changed its name to West Marine Products, Inc. In 1978 West Marine established a wholesale division called Port Supply. In 1991, the first West Marine stores opened on the East Coast of the United States in Miami and Annapolis and in 1993 the company went public on the NASDAQ exchange (symbol WMAR).
In 1996, West Marine merged with E&B Marine, to target a larger customer base of power boat enthusiasts. In 2003 the company acquired the BoatU.S. Product Division. By 2009, the company was more three times as large as its nearest competitor, Boater's World, which closed that year, shutting all its stores stores nationwide.
In December 2007, Geoff Eisenberg replaced Peter Harris as the company's president and chief executive officer. In April 2012 the company announced that Eisenberg planned to resign. In June 2012, Matt Hyde, a 26-year veteran of REI, became the new president and CEO.
Read more about this topic: West Marine
Famous quotes containing the word history:
“In history the great moment is, when the savage is just ceasing to be a savage, with all his hairy Pelasgic strength directed on his opening sense of beauty;—and you have Pericles and Phidias,—and not yet passed over into the Corinthian civility. Everything good in nature and in the world is in that moment of transition, when the swarthy juices still flow plentifully from nature, but their astrigency or acridity is got out by ethics and humanity.”
—Ralph Waldo Emerson (1803–1882)
“As I am, so shall I associate, and so shall I act; Caesar’s history will paint out Caesar.”
—Ralph Waldo Emerson (1803–1882)
“As History stands, it is a sort of Chinese Play, without end and without lesson.”
—Henry Brooks Adams (1838–1918)