J&D Acquisitions is purchasing several Genmar businesses from Platinum Equity, including the Larson, Seaswirl and FinCraft boat brands, chairman Irwin Jacobs said.
The transaction also includes the Little Falls, Minn., Larson Boat factory; the VEC Technology company in Greenville, Pa.; and the Triumph Boat Company and its Durham, N.C., factory.
Additionally, the purchase includes the Seaswirl Boat factory in Culver, Ore.; Windsor Craft assets and other miscellaneous assets.
Terms of the deal were not disclosed.
"I'm very pleased that, after the completion of the bankruptcy auction and approval process, we were able to negotiate an acceptable transaction with Platinum that will allow us to keep the Larson Boat factory in Little Falls open and continue to build some of the finest recreational boats in the world," Jacobs said. "It is my hope that over time we'll be able to bring back many, if not most, of the Larson Boat factory employees who've been laid off over the past 18 months."
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The transaction also includes the Little Falls, Minn., Larson Boat factory; the VEC Technology company in Greenville, Pa.; and the Triumph Boat Company and its Durham, N.C., factory.
Additionally, the purchase includes the Seaswirl Boat factory in Culver, Ore.; Windsor Craft assets and other miscellaneous assets.
Terms of the deal were not disclosed.
"I'm very pleased that, after the completion of the bankruptcy auction and approval process, we were able to negotiate an acceptable transaction with Platinum that will allow us to keep the Larson Boat factory in Little Falls open and continue to build some of the finest recreational boats in the world," Jacobs said. "It is my hope that over time we'll be able to bring back many, if not most, of the Larson Boat factory employees who've been laid off over the past 18 months."
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