Marquis Yachts’ production ahead of schedule

Posted on

After emerging from bankruptcy with a new owner, Marquis Yachts has seen employment go from a few dozen earlier this year to about 235 and there are plans to add more workers this summer.

That should bring the total to about 275 employees.

“Every week we’ve been growing a little bit,” company president Bob VanGrunsven told the Green Bay Press Gazette newspaper. “Our 50-foot line has done very well for us, mostly overseas, and we have several orders we have started for the Southeastern [United States] market.”

Marquis builds both the Marquis and Carver lines of yachts, and production has reached about a boat per week – a level achieved quicker than company officials initially planned.

In January, production was zero.

Marquis had been part of Genmar Holdings, which filed for Chapter 11 protection last summer. It was purchased at auction in January by Genmar founder Irwin Jacobs and business partner John Paul Dejoria for a little more than $6 million.

Click here for the full article.

Welcome to TradeOnlyToday’s premium content! To continue reading, please register now, for access to 10 free stories per month. Or subscribe, for unlimited access to all TradeOnlyToday content!

Click here to Register ... it's free!

Basic subscription: Registered members get free access to 10 premium content stories each month!

Not a member yet? Click here to Register!

Already a member? Click here to Login!

Subscribe ... for unlimited access!

Individual subscription: $29 for unlimited site access for one year.

Small Business subscription: $140 for unlimited site access for up to 10 members of a company for one year.

Corporate subscription: $300 for unlimited site access for all members of a company for one year.

You may close this dialog after seconds.

Comments

One comment on “Marquis Yachts’ production ahead of schedule

  1. jenny

    New owner?  LOL…Maybe “founder Irwin” will bring back the Trojan line.  More options, more sales right…Junk is junk anyway.

Leave a Reply

Your email address will not be published. Required fields are marked *

Comments are moderated and generally will be posted if they are on-topic and not abusive. For more information, please see our Comments Policy.

Vote Today

Is the decision to move the Miami show to the Miami Marine Stadium a good one?

View Results

Loading ... Loading ...

Search Boats for Sale

Length
Year
Price

Login to Trade Only Today

Lost Password