Bankruptcy officer tags Ranger as Genmar’s best asset - Trade Only Today

Bankruptcy officer tags Ranger as Genmar’s best asset

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Ranger Boats, based in Flippin, Ark., was determined to be the biggest prize owned by Minnesota-based Genmar Holdings as the company moves toward an auction of assets.

A Midway manufacturer now pulling double-duty as an officer of the Minnesota District U.S. Bankruptcy Court says Ranger will be the biggest prize as Genmar moves toward an auction of assets, according to a report in the Baxter Bulletin.

The bankruptcy pleadings that began June 1 changed direction last week when partners, stakeholders and the judge decided an auction was the best way to bring in investor money.

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