Nautica bankruptcy auction scheduled

Publish date:
Social count:

The bankruptcy of Fort Lauderdale-based boatbuilder Nautica International includes an auction of its equipment in Hollywood, Fla., on Oct. 24.

The auction features forklifts, office furniture and molds that were used to make Nautica’s RIBs. The molds are being sold in one bulk package, according to the South Florida Business Journal.

Nautica was pushed into involuntary bankruptcy in February after company president Franco Rossi authorized a sale of assets to RIB Technologies for $250,000, the newspaper reported.

BankUnited had a lien on company assets connected to a $1.6 million line of credit.

Several vehicles and a boat already have been sold during the bankruptcy.

Click here for the story and here for bankruptcy information.


Glastron adds Maine dealer

Expanding its dealer network in Maine, Glastron boats, a division of Groupe Beneteau’s Cadillac, Mich., operations, has named Branch Pond Marine as the newest addition to their distribution channel.

MRAA welcomes new partner member

Marina and marine management software provider DockMaster has become the newest partner member of the Marine Retailers Association of the Americas.