Thread: Formula Marine
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Old 10-31-2017, 02:54 PM   #4
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So what was this magnet that caused such a stir? She was The Cigarette, a Formula 233 that was the debut fiberglass boat from Don Aronow’s first company, Formula Boats. Aronow, a wealthy real estate developer, had retired to Florida as a 33-year-old millionaire, where he was bitten by the offshore-powerboat racing bug. He entered a wooden raceboat in the 1962 Miami-to-Nassau Race but, after seeing a 17-foot racer co-designed by Jim Wynne (inventor of the sterndrive) and Walt Walters, he hired them to design a larger, fiberglass version.

The company was intended as a thinly disguised tax shelter for Aronow’s racing ambitions and there are two versions of the naming. The first is that when Wynne and Walters were discussing the plans with Aronow, he would ask them a technical question and one of the two designers would answer, “You know, there’s a formula for that.” According to Aronow’s son, however, the name was chosen because the combination of designers Wynne and Walters with fiberglass builders Buddy Smith and Jake Trotter was the “formula” for success. I like both choices.
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