Bankruptcy officer tags Ranger as Genmar’s best assetPosted on
Ranger Boats, based in Flippin, Ark., was determined to be the biggest prize owned by Minnesota-based Genmar Holdings as the company moves toward an auction of assets.
A Midway manufacturer now pulling double-duty as an officer of the Minnesota District U.S. Bankruptcy Court says Ranger will be the biggest prize as Genmar moves toward an auction of assets, according to a report in the Baxter Bulletin.
The bankruptcy pleadings that began June 1 changed direction last week when partners, stakeholders and the judge decided an auction was the best way to bring in investor money.
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