Tartan/C&C Yachts announced it acquired Legacy Yachts of Middletown, R.I. All Legacy manufacturing and business operations are being relocated to Tartan/C&C's Ohio location.
The acquisition was completed in early January, sales manager Andrew Drumm said in an e-mail to Soundings Trade Only.
"We have been working on this acquisition for quite some time," he said. "I'm glad that it has finally come to fruition."
Drumm said the company was in the process of working out the logistics of the move, but planned to move the tooling this spring.
In terms of jobs, Drumm said production at Legacy had slowed or stopped "some time ago," so many positions were lost prior to the acquisition.
"Our goal is simple - manufacture high-quality boats and increase jobs in Northeast Ohio," he said. "We have and will continue to search for highly motivated, skilled workers and this is not limited to just our region."
Drumm said terms of the deal were not made public.
"The addition of the Legacy line of powerboats to the company's Tartan Yachts, C&C Yachts and Novis carbon fiber product group will provide the company with a strong lineup of North America's premier power and sailing yacht brands and leading carbon fiber component manufacturing technology," the company said in a statement.
The company plans an expansion of its North American, as well as international, distribution through several new marketing initiatives, Tartan said.
— Beth Rosenberg