Boat builder for sale
(Bristol, RI) The builder of Volvo Ocean Race entrant PUMA, Eric Goetz Custom Sailboats, Inc. was petitioned into Receivership, effective Jan. 6, 2009, after having laid off workers on Dec 31st. A story published in Scuttlebutt 2787 noted how the company’s troubles began in December, but this was not fully truthful, as Scuttlebutt has known of their cash flow problems since spring of 2008.
Now, with Citizens Bank holding a $1.9 million note on the company, Eric Goetz is leading a new entity to buy his company back, and the State of Rhode Island currently holds Eric’s offer of $400,000 as the leading bid. An auction will be held on March 6, 2009 to purchase all assets free and clear of any liens. Details for anyone interested in becoming a potential bidder are available here: http://www.sailingscuttlebutt.com/news/09/0224
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