Christensen Yachts will be vacating its longtime headquarters in Vancouver, Wash., according to the Seattle Times. The site was purchased by Vigor Industrial. The commercial yard will use the former yacht-building facility to build new landing craft for the U.S. Army.
Vigor said it will close two other plants in the area and move about 60 workers to the Vancouver site. Vigor president and CEO Frank Foti said in a statement that Vancouver offered “the opportunity to bring (the) entire aluminum fabrication team together in one location.” Foti also named “the excellent suitability of the Christensen facility for Vigor’s production needs” as one of the reasons for the move. The company plans to employ about 400 workers.
Christensen went into receivership in 2015, embroiled by lawsuits by creditors and suppliers. The yard reopened in February 2016 debt-free under Henry Luken, who had owned half of the previous business. Several superyachts that had been under construction were completed and delivered to owners.
The former Christensen site has 150 feet of waterfront along the Columbia River in Vanvouver, WA, with buildings totaling almost 175,000 square feet.
According to a source close to the company, wishing not to be named, Christensen will relocate to a new facility near Vonore, Tenn. Construction began on the facility before the recession of 2009 and has started again. “Henry has invested tens of millions of dollars into it, so it is a very viable business,” said the source.
Luken could not immediately be reached for comment.