Article Abstract:
Ventnor Boat Works is building an assembly plant 60 miles from its corporate offices in Harrison, TN. Ventnor had maintained its assembly plant in the Holland, MI, area to take advantage of the availability of its skilled craftsmen. The firm's president, Dick Thede, said he decided on the transfer because the new location also has a skilled boatbuilding work force. The new plant also has a more moderate temperature and a central location from which to transport their products.
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Princeville, Quebec-based aluminum boat manufacturer Princecraft has announced plans to open a 125,000 sq-ft plant on a 43-acre land tract in Princeville in Oct 2000. The new facility, which will be near the manufacturer's three existing Princeville plants, will have 100,000 sq ft of manufacturing and service space and 25,000 sq ft of space for indoor loading facilities and warehousing. Princecraft is a division of Waukegan, IL-based Outboard Marine Corp.
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Atlanta, GA-based oil and gas services company RPC Inc has announced that it expects the spinoff of its Nashville, GA-based Chaparral Boats Inc division to be completed by 3rd qtr 2000. Chaparral's spinoff has been structured as a tax-free distribution of Chaparral stock to RPC shareholders, and requires the approval of the RPC corporate board and the IRS. Chaparral performed strongly in 1999 and is on track to end 2000 quite profitably.
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