Duracraft Marine to auction off assets - Trade Only Today

Duracraft Marine to auction off assets

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An absolute auction of Duracraft Marine assets is set for Oct.16 in Lexington, S.C.

Duracraft owner Steve Deese announced earlier this year his plans to sell Duracraft and concentrate on his other business, Encore Boat Builders, the maker of Bentley pontoons.

The Duracraft logo and name will be sold at the beginning of the auction. Items for sale include boats, equipment, trucks, trailers and forklifts.

"This manufacturing plant is getting into another part of the marine business and liquidating the Duracraft portion of the business. This was a working manufacturing plant until a few weeks ago," the auction notice states. "The machinery is clean and operable. The parts are in large quantities, unused and will be sold by the pallet. Most of the boats are complete. Some need accessories added."

"The Duracraft name has been around since the 1950s and has a well-known name and excellent reputation of quality and value and has thousands of boats in the market today," Deese previously told Soundings Trade Only about the aluminum boat line. "This company has potential of millions in volume, as it has in the past."

Deese owned Duracraft from 2002-2008, when he sold it because of health reasons. However, the party he sold it to was unable to keep it running in a poor economy, so Deese bought it from creditors in 2009.

Click here for complete auction details.

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