Former Bentley Industries owner back with new boat company

Author:
Updated:
Original:

The city council in Mexico, Mo., approved a new lease agreement Tuesday with Encore Boat Builders LLC, which is operated by the former owner of Bentley Industries.

The city of Mexico and Bentley Industries, which closed in January, entered into a lease agreement in 2005, according to a report in The Mexico Ledger. In January, Bentley turned the operation over to Mercury Marine, which defaulted and had its lease terminated by the city. Mercury is a division of Brunswick Corporation and was a secured creditor of Bentley.

Encore Boat Builders completed the purchase of the inventory, equipment, fixtures and leasehold improvement from Mercury Marine, the newspaper reports. On Tuesday, the company asked the council to allow the new business to lease the property on terms and conditions similar to those leased to Bentley.

Encore made a payment of $9,439 May 12 and agreed to deliver to the city a promissory note in the amount of $84,303 as payment for the right to occupy the premises.

Steve Deese, the president of Encore Boat Builders who also owned Bentley, said Encore has purchased all of the assets from Mercury and is ready to start production, the newspaper reports. He said the company plans to start with a dozen employees and eventually rehire its original workers who want their jobs back.

"We are excited to come back," Deese told The Ledger. "We had an exceptionally good relationship before, and feel it's a good location to do our business."

Click here to read the full story.

Related

STAR BRITE DEBUTS NEW MARINE DESCALING FLUID

Star brite introduces Marine Descaling Fluid—a powerful, easy way to descale raw water-cooled systems using recirculation. It saves time, energy, and a lot of headache, allowing for a faster, cost-effective return-to-service for equipment.

NAW Elects 2021 Officers

Michael Medart of Medart Engine and Marine takes the helm as chairman of the National Association of Wholesaler-Distributors board.

Caterpillar Names Global Manager

Alex Berg will lead the manufacturer’s pleasure craft and yachting segment.

Nearly 320K Boats Sold in 2020

NMMA says new-boat sales are at their highest level in 12 years, with all powerboat segments up 8 to 22 percent.

‘Injection of Capital’ for Cox Powertrain

The British company said it will use the $16.7 million to expand operations and ramp up production of its CXO300 diesel outboard.

Groupe Beneteau Releases Preliminary 2020 Financials

Revenues were down 15.1 percent for the 16-month period that ended Dec. 31. A full report is due next month.

A Modern Twist on Word of Mouth

The supercharged power of user-generated content.