It would appear that Mastercraft is poised to pick up the assets of Hydra-Sports.
It should make for an interesting combo.
I would imagine more brands from Genmar's stable are also about to find new homes and owners as well.
Here is a link to the original article. :)...
Rather shocking news, but yet another sign of how tough the economic conditions are...
Genmar Holdings has filed for Chapter 11 bankruptcy protection.
Here's a few links to further stories on the filing....
http://minnesota.publicradio.org/display/web/2009/06/02/genmar_little_falls/...
Genmar recently announced they will re-enter the aluminum boat manufacturing market. Genmar previously owned such brands as Lowe and Crestliner but sold out to Brunswick Corp.
A link to a rather interesting article is posted below...
http://www.boating-industry.com/output.cfm?id=1787149...
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