Marlow Acquisistions, LLC Completes Sale of Hunter Marine Corporation

The sale to Marlow Acquisitions, LLC, for all of the assets of Hunter Marine Corporation, and selected assets of Mainship Corporation and Luhrs Corporation has closed, according to John T. Peterson, President of Hunter and Chief Restructuring Officer/Treasurer of Morgan Industries Corporation, the holding company of Mainship and Luhrs. “With this behind us it is time to shift all our resources to get back to the task at hand, building and marketing boats”, stated Peterson.

Chairman of Marlow Acquisitions, LLC, Mr. David E. Marlow went on to state, “This is a great day to be in the boat business. For the employees, dealers, and suppliers of Hunter Marine it is indeed a new, great day. I am pledging my years of experience, 46 to be exact, as a boat builder, dealership manager, and marina operator; and my entire organization, including Marlow Marine Sales of Sarasota, Fl., Merrill-Stevens Boat Works in Miami, Fl. and Norsemen Shipyard in China to assist in continuing what has been and is a great boat brand. The future is bright as we forge ahead in what is no secret, a tough market.”

Hunter Marine has continued to build boats throughout this reorganization and is planning on a gradual increase of production over the next 30 days. Beginning its fortieth year under the slogan “Life Begins at 40”, it will be exhibiting its newest models at the US Sailboat Show in Annapolis in early October.

Morgan Industries Corporation and its related eight companies went into Chapter 11 restructuring on April 30 of this year and now has sold off and/or reorganized all five of its boat building entities and two of its property entities. Remaining assets include its property/factories in Millville, NJ and St. Augustine, Fl. Mr. David Marlow in addition to the companies named above, is the majority owner of Marlow Yachts, manufacturers of such boats as the Sprit and Gypsy yacht tenders; Marlow Explorer from 53’ to 97’; and the Marlow Prowler, a 37’ cruiser/fishing yacht.

Hunter Marine is a leading producer of sailboats from 15’ to 50’ distributed worldwide through 140 locations.
 

Related Articles

Video – Wayne Burdick, President of Beneteau America Talks About the Latest in Yacht Design and Features

Video – Wayne Burdick, President of Beneteau America Talks About the Latest in Yacht Design and Features

Canadian Yachting magazine’s Greg Nicoll interviews Wayne Burdick, President of Beneteau America about the latest in yacht design and features, the consumer aspirations that are driving those refinements and also, about the Beneteau yacht manufacturing facilities in Marion, South Carolina where their team of 160 yacht builders can turn out a 50 footer in a mere 25 working days.

SALTS Shifts Berths

SALTS Shifts Berths

Sail and Life Training Society (SALTS) has relocated its office, moorage and maintenance facilities from its home of nearly 25 years at Hope Point Shipyard on Victoria’s Upper Harbour. The shipyard is slated for redevelopment that will no longer accommodate SALTS. The office has moved to 451 Herald Street above the Canoe Brewpub in a brick-and timber-heritage building that once housed the coal-powered electric generators that powered Victoria's streetlights. The office overlooks Canoe Marina, where the society’s tall ships will moor in winter and donated vessels will moor year-round. The ships will continue to operate from Ship Point Wharf during sailing season.

Keeping Track of Multiplying Boating Apps

Keeping Track of Multiplying Boating Apps

With the increasing popularity of smart phones and tablets, there are more and more applications being offered. Many are free, and the ones that cost are usually very reasonably priced. Long-time PC users are even now finding the joys of working with Apple Computer products. So many more boaters are using iPads as chartplotters, for example, that RailBlaza reports that their iPad mount is the most popular item sold within their very extensive line of rail-based mounts and accessories.

Maritime Museum Garage Sale

Maritime Museum Garage Sale

Victoria’s Maritime Museum of British Columbia, is hosting the 9th Annual Massive Maritime Garage Sale on Saturday April 21 at Ogden Point, Pier A, Dallas Rd, 0900 to 1300 hours. Co-sponsored by the City of Victoria and CFB Esquimalt, the event is open to vendors who can rent a table for $35.00 and the event has a $5.00 entrance fee for adults but kids are free. Parking is free and is abundant. Expected to be offered on sale are small craft of all kinds, canoes, kayaks, dinghies, fishing equipment, crab and prawn traps, and marine and nautical gear of all kinds. Proceeds go towards the Museums Special Exhibition

Video Gallery

Pursuit S268 Sport CC

By Andy Adams

The Pursuit S 268 Sport centre console is a do-it-all kind of boat with a solid sense of style. Centre console designs have been developed for the southern blue water sport fishing enthusiasts (and this boat would raise fish with the best of them) but the Pursuit S 268 Sport centre console offers far more utility and enjoyment than just fishing.

Read More

Destinations

Bayfield Marine Turns 40 with Big April Events

(l to r) Holly, Adam, Pat, Ron, Shelley

Ron and Pat Reder started out in October 1984 across the road from where they are right now on the Bayfield River in Bayfield ON. The store front was about 10 x 20 and the rest of that side of the building was a stock room, wood finishing room, then behind that was more back stock and the lunchroom. Expanding every few years for the store front, then moving over to this new building five years ago, this year with Adam, Shelley, and Holly are carrying on the business.

Read More

Lifestyle