Two local well known yacht developers are collaborating in a purchase deal, announced on Tuesday. Hinckley Yachts suggested in a written statement that it has taken on Morris Yachts. But, the terms and conditions of the sale were not revealed.
As per the statement, Hinckley acquired Morris Yachts assets on 1st January, Friday. Hinckley suggested that it has plans to carry on using the Morris brand as it engulfs Morris’ boat-building as well as service operations in the eastern Maine.
In the release, Hinckley said that both the companies made fine quality yachts within a quarter mile of each other in Trenton, in Maine. With the new placement, about 380 craftsmen, technicians and engineers would offer a deep pool of talent for the building of world-class yachts.
Hinckley Yachts, established in Southwest Harbor in the year 1928, makes luxury sailing as well as power yachts. In the past 88 years since that time, the company has fleshed out to include facilities in Maryland, Michigan, Florida, Georgia, Rhode Island and New Jersey. It has got 8 service yards in the East Coast and counts fifteen-hundred Hinckley yacht owners as well as five-thousand service customers among its worldwide clientele.
In the year 1998, Hinckley started a manufacturing unit off Route 3 in Trenton where it makes power picnic boats. Hinckley itself was took on by Scout Partners LLC at the end of year 2010. A smaller company named Morris Yachts was founded forty years ago and it has made more than three-hundred sailboats.