As Trade Only Today previously reported, West Marine this week filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. 

Further review of the bankruptcy court document reveals that the company owes more than $65 million — from as much as $8.57 million to as little as $697,082 — to 30 of its top vendors, many of which are major marine companies. Among them are Garmin, Raymarine, East Penn, AkzoNobel, Xylem, Navico and Groco.

With more than 100,000 total creditors, the filing suggests additional significant trade debt outside the 30 listed vendors. These include customer-related liabilities (e.g., gift cards, warranties), further vendor obligations and likely secured debt held by financial institutions/funds.

These are top 30 West Marine vendors and what they are owed: 

  • Garmin: $8.57 million
  • Virtual Supply Inc.: $5.8 million
  • Sierra International Inc.: $4.7 million
  • East Penn Manufacturing Co. Inc.: $4.43 million
  • Modern Recreational Technologies Inc.: $4.23 million
  • Facility Solutions Group Inc.: $4.12 million
  • Lippert Components Manufacturing Inc.: $3.58 million
  • Lumitec LLC: $2.18 million
  • Pure Fishing Inc.: $2.11 million
  • 3M: $2 million
  • AkzoNobel Inc.: $1.91 million
  • ACR Electronics Inc.: $1.9 million
  • Raymarine Inc.: $1.9 million
  • New Nautical Coatings Inc.: $1.7 million
  • Gross Mechanical Laboratories Inc.: $1.56 million
  • Pan Jack Industrial Co. Ltd.: $1.4 million
  • Xylem Inc.: $1.4 million
  • Seaflo Marine & RV North America LLC: $1.3 million
  • Kent Water Sports LLC: $1.2 million
  • Rocky Brands U.S. LLC: $1.1 million
  • CMP Group, Ltd.: $969,672
  • Navico Inc.: $931,848
  • Luxotica of America Inc.: $910,175
  • Magma Products LLC: $836,260
  • Yaesu U.S.A. Inc.: $834,124
  • Star brite Inc.: $788,403
  • Pentair Flow Technologies LLC: $761,138
  • Enersys Energy Products Inc.: $745,254
  • Pelagic Inc.: $741,465
  • Teufelberger Fiber Rope Corp.: $697,082

West Marine CEO Paulee Day held a “Vendor Town Hall” yesterday to assure suppliers that the company is not liquidating and plans to emerge from bankruptcy in mid- to late August.