Investors purchase Warrior Boats assets - Trade Only Today

Investors purchase Warrior Boats assets

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Four businessmen/anglers purchased all rights to the name, trademark, molds, jigs, tools and other assets of the Warrior Boats brand, the group announced.

The new owners are Chuck Barth, a cattle rancher and owner of Tamarack Kennels in Melrose, Minn.; pro walleye angler and 2005 PWT championship winner Dave Andersen; Joe Hellermann, former owner of Melrose Marine and Sports and a former Warrior dealer; and Al Leinen, co-owner of St. Rosa Lumber Co.

Terms of the deal were not disclosed and the new owners did not immediately return requests for comment.

To start, the new company will employ about 10 people, including some key personnel from the former factory. The new company will select from among four communities bidding for it to locate there.

“This was a dream of mine ever since the plant closed,” Andersen said in a statement. “I can’t believe how many people keep asking me about the boats, and what can be done. Well, we did something, and will start showing new boats at shows in December.”

Barth added, “This is too good a boat not to build for the walleye world. The goal will be to build the six top-selling models and have others available on special order.”

At the peak of Warrior’s production, the company was building about 300 boats a year.

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