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

2020: A Timeline

Changes ahead, changes behind: A long, strange year.

Boat Registrations Continued to Soar

Strong demand continued through September.

2020: What We Learned

A cross- section of industry leaders weighs in.

Boatloads of New Boaters

The influx of newbies to recreational boating.

Inventory to Remain a Challenge in 2021

Retailer sentiment remained strong in October, but dealers see a shortage of boats as a hurdle for next year

Amplifying Our Collective Voice

In this time of immense change, we all must continue to position the industry for a redefined future

Fortune Favors the Bold

Viking and Valhalla Boat Works had quite a FLIBS.