Kinda of makes you wonder if anyone did their due diligence.
The article makes it sound like Catalina was sold for only a million. I'd imagine assets would be worth far more than that
There isn't quite enough detail to really figure out what the deal was. The million might have been for the brand name and not the assets. The eviction notice for non payment of rent suggests the assets were leased to the new owner. Once the court filings start perhaps we'll learn more. The people who will lose will be those who ordered boats that are still in production. It doesn't sound like anyone will be in a position to finish building them.
Sad indeed. You would think that with Beneteau closing up shop in US & Hunter closing, there would be enough of a market in US to support Catalina,
That assumes someone would buy a Catalina, when they can buy something else they prefer, and have it delivered via ship or on it's bottom.
That's not very typical, I'd like to make that point.No way the fronts fall off of them!
