Skip to main content

Taylor Made responds to foreclosure lawsuit

Taylor Made Group issued a statement Thursday regarding the mortgage foreclosure lawsuit filed against Ameritex Technologies, which Taylor Made purchased in August.

First Bank filed the mortgage foreclosure suit Sept. 10 in Manatee County Circuit Court for alleged default on Ameritex's Bradenton, Fla., manufacturing facility, according to court documents. The suit names Ameritex Technologies, Taylor Made Group and Taylor Made Systems as defendants.

"The Taylor Companies were named because we have a junior mortgage filed against the Ameritex property that is the subject of the foreclosure. The only allegation against the Taylor Companies is that the bank's mortgage has priority. It makes no monetary claim against the Taylor Companies," Taylor Made said in the statement.

"This suit does not affect our ability to service our customers and provide quality canvas, glass and windshield products," the company continued. "If you have any questions, please feel free to contact Robert Khalife, vice president of finance for Taylor Made Group, at (518) 773-9317."

Ameritex filed last spring for Chapter 11 bankruptcy protection. Taylor Made purchased the company's assets in August and announced plans to reconstitute the business as Ameritex Fabric Systems and relocate it to the Taylor Made Systems facility in Bradenton.

Click here for the full release.

Related

1_YEARGIN

Business for Good

Companies have a unique platform to make people’s lives better through products and services, how we treat employees and the kind of advocate we are for our industry.

DOMETIC-EARNINGS

Dometic Posts Sales Increase for Q4

Net sales of $596 million were up 11% compared with the previous-year quarter, and profit was reported at $2.6 million.

NEPTUNE-AWARDS

Marine Marketers to Present Neptune Awards

The group will hand out its annual honors during the Miami International Boat Show in February.

MARINEMAX-EARNINGS

MarineMax Releases Q1 2023 Results

Record revenue of $507.9 million was a 7% increase over the previous year, and the growth was driven primarily by acquisitions, including IGY Marinas.

VOLVO-EARNINGS

Volvo Penta Reports Q4, FY22 Results

Net sales of $470 million for the quarter were a 33% increase compared to the prior year period.

Pulse-Report

DEALERS: Are You Improving the Service Experience?

Our monthly Pulse Report survey asks this and other questions about your dealership. Take the survey here.

NMRA-SCHOLARSHIP

NMRA Sets Scholarship Deadline

Students pursuing education in the marine trades can apply for the National Marine Representatives Association awards until April 1.

MARINE-PRODUCTS

Marine Products Reports Record Q4

The builder of Chaparral and Robalo boats reported net sales were up 42% for the quarter and 28% for fiscal year 2022.