Sumerset Houseboats to shut down through NovemberPosted on
Sumerset Houseboats announced an extended production shutdown, which is expected to last more than three months.
Company president and CEO Steve Lochmueller says Sumerset’s annual summer shutdown will occur two weeks later than regularly scheduled, beginning July 17, and is expected to last through Nov. 1.
“Sumerset Houseboats is taking this proactive step to avoid margin erosion and allow a glut of finished inventory to clear out during the second half of 2009,” Lochmueller said in a statement. “This downtime is part of managing the houseboat industry sales cycle, and we view it as an opportunity to prepare for the 2010 boat show season.”
Lochmeuller said he expects recovery for the houseboat industry in 2010, and Sumerset will start accepting orders for the model year 2010 with delivery in the spring and summer boating season of calendar 2010.
Sumerset Houseboats’ corporate headquarters and showroom in Somerset, Ky., will be unaffected by the production downtime.