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In this section we include not only the latest news
we have received, that doesn't fit in anywhere else in MarineZine, but also
anything which has happened at any time in the past thousand years or
so, that we are fairly certain a large number of our readers will not be likely to have read about elsewhere.
Our special features cover topics in depth.
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CHRIS CRAFT CHANGES HANDS AGAIN
(this was recent when this
issue hit the Internet originally!)
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In March it was announced that Chris Craft, the oldest American
boat-building company still in existence, is now in British hands, having been sold to investment firm Stellican Ltd. by Genmar, who acquired the company along with the rest of Outboard Marine Corp's
boat-building lines in a recent bankruptcy sale.
With Stellican's record of success at restoring profitability to ailing brands, amply illustrated by last years' sale of Riva - the Italian
boat-builders resuscitated by Stellican before being sold on to the Ferretti Group - Chris Craft appears to have fallen into good hands.
Until the employees at the Sarasota, Florida, boat-building facility, almost 400 in number, were sent home last December, Chris Craft Industries Inc. was producing boats between 6m and 9.8m and the company sold over 1,400 boats in 2000.
Stellican, headed by Stephen Julius, are envisaging a move towards adding larger boats to the 127-year-old company's production schedule in the future - 10.7m to 18.3m - which would require the opening of a larger production facility.
Demand for Chris Craft vessels was, apparently, strong at the February 2001 Miami International Boat Show and Stephen Julius gave the impression that all new boats yet to be sold would carry the existing Chris Craft warranty terms.
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