Genmar Holdings, formerly headed by Irwin Jacobs, was once one of the two largest boatbuilders in the world, with 15 brands, until it was forced into Chapter 7 liquidation in 2009. Several brands became part of Platinum Equity’s boat lineup, but some were bought by J&D Acquisitions, headed by Jacobs and partner John Paul DeJoria.
Genmar is expanding its VEC FinCraft line and plans to introduce several additional models in time for the spring and summer selling season. “I believe that FinCraft could make the difference in not only helping your dealership to get through these historically difficult times, but FinCraft in many cases could make the difference between a…more
Genmar says improvements to its VEC closed-mold technology led to the development of its new FinCraft line of family fishing boats. This is a major improvement for us, one that we’ve been working on for the past three years, Genmar Minnesota president Al Kuebelbeck told Soundings Trade Only Tuesday from his office in Little Falls,…more
Genmar Yacht Group is extending its annual holiday shutdown for nearly half its employees at the Pulaski, Wis., plant because of the continuing slump in sales. Were all going through this together, Genmar president Robert Van Grunsven said of the market conditions. Business has slowed down. Van Grunsven told Soundings Trade Only this morning that…more
The Larson/Glastron boat plant, in Little Falls, Minn., last week laid off about 35 of its 700 workers, Genmar Holdings chairman Irwin Jacobs confirmed Tuesday. Larson and Glastron are two of Genmars 13 boat brands. The company has approximately 5,000 employees and more than 1,000 authorized dealers, according to its Web site. Jacobs said he…more