Mustang offers to buy Riviera
Australian boatbuilder Mustang Marine has offered to buy fellow Aussie manufacturer Riviera, which is in voluntary receivership, according to a report in Gold Coast Publications.
The receivers and managers are looking to preserve the long-term viability of the company, restructure the business and sell it as a going concern, Riviera said in a recent statement.
Riviera, Australia's largest luxury-boat builder, manufactures open and closed flybridge yachts, offshore express models and sportyachts from 33 to 70 feet.
