Canadian boatbuilder seeks a buyer


Canadian boatbuilder Grew Manufacturing is in the care of a receiver and looking for a buyer.

The company has liabilities of more than $2 million and about 100 creditors, receiver BDO Canada Ltd.’s Bill Courage recently told the Owen Sound Sun Times newspaper.

The company's manufacturing plant south of Owen Sound in Ontario has been idle for three months since Grew president David Cameron shot and wounded an employee there, then ended his own life in an armed confrontation with police Feb. 21 near Kemble, the newspaper said.

“Eventually the family was unable to continue the business and was unsuccessful in their attempts to sell it,” Courage said. “Our goal is to try and sell the business and try and save the jobs, albeit nobody's worked for three months.”

Courage said there are no guarantees that the company will continue, let alone remain in Owen Sound once the assets are sold. He said he expects an outcome in two months or more.

Courage has had some preliminary interest. The land, buildings, equipment, inventory, boats, trailers and scrap are among the assets for sale.

The company’s website says Grew Manufacturing traces its roots to 1882, when it was known as Gidley Boat Works. In the late 1920s, a local craftsman named Arthur Grew took over the operation and was instrumental in forming the present-day company.

Click here for the full report.


Brunswick Partners with Carnegie Robotics

Through the alliance, Brunswick aims to enhance its autonomous technology offerings.

Nicole Vasilaros to Depart NMMA

The group credits the senior vice president of government and legal affairs for “countless contributions to the protection and expansion of the recreational boating industry.”

Site Unseen

A website is often the first interaction a customer will have with a dealership, but it must provide more than an online brochure or they will click elsewhere.

C.G. Amends Documentation Rules

Federally documenting a boat now must be done every five years, rather than annually.

The 2021 Top 10 Most Innovative Marine Companies Awards

The marine industry consistently honors products and people. The industry, however, has not recognized forward-thinking companies that are moving the industry in new directions. Soundings Trade Only’s mission is to reflect, inform and inspire.

German Superyacht Yard Files for Bankruptcy

Nobiskrug cited a lack of orders, the Covid-19 pandemic and other factors in its decision to start the proceedings.

West Marine Acquired

The private-equity firm L Catterton will take a controlling interest in the retailer’s ownership.

Kicker Supports Two Events on Lake Havasu

The marine audio company will take part in the performance-boat events Super Cat Fest West and the Desert Storm Poker Run this weekend and next.

Bay Bridge Show Starts Tomorrow

The combined sail- and powerboat show runs through Sunday in Stevensville, Md.