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Outboard Marine Corporation sometimes referred to as Outboard Motor Company was formed in 1929 when ELTO was merged with Lockwood-Ash Motor Company. They began using the name OMC in 1956. Outboard Marine Corporation was the world's largest manufacturer and supplier of outboard motors and second largest producer of powerboats.
Evinrude Outboard Motors was a North American company that built a major brand of two-stroke outboard motors for boats. Founded by Ole Evinrude in Milwaukee , Wisconsin in 1907, it was formerly owned by the publicly traded Outboard Marine Corporation (OMC) since 1935 but OMC filed for bankruptcy in 2000.
(ELTO was an acronym for "Evinrude Light Twin Outboard".) Although Elto faced stiff competition from other companies, such as the Johnson Motor Company of South Bend, Indiana, Evinrude's company survived through acquisitions, eventually forming the Outboard Marine Corporation.
Ralph Evinrude. Ralph S. Evinrude (September 27, 1907 – May 21, 1986) was an American business magnate who was chairman of Outboard Marine Corporation, and the husband of singer and entertainer Frances Langford. Evinrude was born in Milwaukee, Wisconsin, to Bess and Ole Evinrude. Evinrude's father had emigrated from Norway in 1882 and had ...
The original company that made Johnson inboard motors and outboard motors was the Johnson Brothers Motor Company of Terre Haute, Indiana, United States. They started building inboard 2-cycle marine engines in 1903 in a barn behind the house, along with matching boats. By 1908, they were making V4, V6, V8, and V12 aircraft and marine engines.
In 2001 Bombardier purchased the Evinrude Outboard Motors and Johnson Outboards trade names for the insolvent Outboard Marine Corporation. [19] In 2003, the company sold Bombardier Recreational Products to a group of investors: Bain Capital (50%), Bombardier Family (35%) and Caisse de dépôt et placement du Québec (15%) for $875 million. [20]
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