Marlow outlines the future for its new linesPosted on
Marlow Acquisitions owner David Marlow wants to make clear his intention to lift Hunter and Mainship to the next level.
In an email sent to Soundings Trade Only, Marlow said that process will begin with the assets it has accumulated in talents and history, “minus the onerous financial conditions that stifled creative thinking and passion for one’s handiwork.”
Hunter Marine president and chief restructuring officer John Peterson and the Hunter team has done well holding the pieces together under trying times and now it is time to look forward, Marlow wrote.
“As to the future, it is our intentions and mission statement to bring Hunter-Mainship fully fledged into the Marlow Group of companies, using the unique and proprietary methods that we have either developed from original thought or re-examination of the mantra, ‘We have always done it that way,’ ” Marlow wrote.
“Though I am quite sure that my belief in vertical integration, where practical, would fail today’s Harvard business model, the marine industry does not fit that rigid model of presumed efficiency,” Marlow said. “Though Hunter-Mainship have demonstrated efficiencies able to compete with the best European examples, it is my intention to weave a bit more American craftsmanship into the composite that elevates the perceived value without significant cost increase or loss of that efficiency.”
“I believe that our assets worldwide can provide those ingredients at acceptable costing levels and I believe that the bright minds at Marlow-Hunter and Mainship can determine how to blend them without unacceptable cost penalties,” Marlow said.
Though American industry has been “decimated by a somewhat lackadaisical approach to offshore competition,” it is Marlow’s firm belief that there is a new horizon.
“We see no option other than to engage on a global scale, as that is the pathway of the developed world and we cannot change its course,” Marlow wrote. “With committed people and continuous thought we are confident that we can compete on any level, be it Alachua [Fla.], America, Europe or Asia.”
The court approved the sale of the operating assets of Hunter Marine Corp. late Tuesday night and “selected assets” of Mainship Corp. and Luhrs Corp. to Marlow Acquisitions LLC, according to a letter the company sent Wednesday to Hunter dealers.
— Reagan Haynes
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!
Basic subscription: Registered members get free access to 10 premium content stories each month!
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.