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Bankruptcies and Restructuring

Ferretti completes debt restructuring

Ferretti S.p.A., the Italy-based boatbuilder, finalized its debt restructuring and appointed a new board of directors. With the restructuring, Ferretti expects to reduce its long-term

Grand Craft freezes operations

Holland, Mich.-boatbuilder Grand Craft has shut down operations. The company specializes in classic, high-end wooden boats, but with the plant shut down indefinitely and about

Australia’s Riviera goes into receivership

Riviera, Australia’s largest luxury boatbuilder, is in voluntary receivership. “The purpose of the receivership is to continue trading and to restructure the business in order

Two marine companies close up shop

Washington-based Palmer Marine and its sister company, Bladen Composites in North Carolina, have closed their doors. Both went out of business last month, according to

Arizona powerboat builder shuts down

Power Marine and Motor Sports Inc., the Lake Havasu City, Ariz.-based manufacturer of Magic Powerboats and Sleek Powerboats, closed its doors last week after 15

OBC Holding files for bankruptcy

OBC Holding Co., the parent company of Olympic Boat Centers in Redmond, Wash., has filed for Chapter 11 bankruptcy protection. The voluntary petition was filed

Ferretti completes debt restructuring

Ferretti S.p.A., the Italy-based boatbuilder, finalized its debt restructuring and appointed a new board of directors. With the restructuring, Ferretti expects to reduce its long-term

Grand Craft freezes operations

Holland, Mich.-boatbuilder Grand Craft has shut down operations. The company specializes in classic, high-end wooden boats, but with the plant shut down indefinitely and about

Two marine companies close up shop

Washington-based Palmer Marine and its sister company, Bladen Composites in North Carolina, have closed their doors. Both went out of business last month, according to

Arizona powerboat builder shuts down

Power Marine and Motor Sports Inc., the Lake Havasu City, Ariz.-based manufacturer of Magic Powerboats and Sleek Powerboats, closed its doors last week after 15

OBC Holding files for bankruptcy

OBC Holding Co., the parent company of Olympic Boat Centers in Redmond, Wash., has filed for Chapter 11 bankruptcy protection. The voluntary petition was filed

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