The assets of Silverton Marine Corp. and Ovation Yachts Corp. were sold at 1:30 p.m. Friday, according to president and chief restructuring officer John Peterson.
Intangible property rights (name, trademarks, etc.) and molds and tooling were sold to TF Yachts LLC, commonly known as Egg Harbor Yachts, Peterson said in an email to Soundings Trade Only.
Machinery and equipment were sold to Hilco Industrial LLC, he added.
“Practically speaking, Egg Harbor plans to move molds and tooling to their plant in [New Jersey]. Hilco will be selling off the machinery and equipment over time,” Peterson said.
Hilco specializes in industrial auctions for used machinery, according to its website.
— Reagan Haynes