Good Bye Fountain, ProLine, Donzi and Baja....

[oops!]

Re: Good Bye Fountain, ProLine, Donzi and Baja....

that is at least one year in litigation....

even tho the factory may have been closed. fountain says that it has production at other plants

 

[QC]

Re: Good Bye Fountain, ProLine, Donzi and Baja....

In QC's neck of the woods, the performance boat makers are smaller and more local. Maybe that is the key

Oh, they are all barely hanging on and always have been, good times or bad. Magic/Sleek was the biggest in Havasu and they fell like a stone at the beginning of this cycle. Cougar bought them and we'll see how that goes. The trick is to be well capitalized so you can pull back without losing the company. Anybody that is highly leveraged will die with any dips. I guess smaller is easier to watch, but they all have to be risk takers to even get into this business, so a financially conservative attitude is not the norm.

 

[emilsr]

Re: Good Bye Fountain, ProLine, Donzi and Baja....

even tho the factory may have been closed. fountain says that it has production at other plants

What other plants? The Baja factory in Ohio is closed, the Fountain factory in NC is closed...I thought (and may be wrong) that Donzi and Proline moved to NC; so where is this other factory?

 

[oops!]

Re: Good Bye Fountain, ProLine, Donzi and Baja....

that is what fountain reported to the judge in its counter claim.

 

[seabob4]

Re: Good Bye Fountain, ProLine, Donzi and Baja....

This thread is very similar to a few threads on THT, full of speculation and conjecture. As many of you know, I was an engineer at Proline, laid off just after Liberty bought them and Donzi, then, through their financial ties with First Capital, moved the operations to Washington, at the Fountain plant...

Although I really have no clue as to the "details" surrounding the latest tribulations, a gentlemen who used to work for me and with me is a supervisor up there, I have talked to him twice this week, and he headed back yesterday morning. Hopefully, I'll hear some good news as far as the plant production goes come Monday. Either way, I'll hear something. Until then, I suggest we just wait and see...

 

[Thalasso]

Re: Good Bye Fountain, ProLine, Donzi and Baja....

This thread is very similar to a few threads on THT, full of speculation and conjecture. As many of you know, I was an engineer at Proline, laid off just after Liberty bought them and Donzi, then, through their financial ties with First Capital, moved the operations to Washington, at the Fountain plant...

Although I really have no clue as to the "details" surrounding the latest tribulations, a gentlemen who used to work for me and with me is a supervisor up there, I have talked to him twice this week, and he headed back yesterday morning. Hopefully, I'll hear some good news as far as the plant production goes come Monday. Either way, I'll hear something. Until then, I suggest we just wait and see...

You tend to get alot of that over there on the Bilge.

 

[seabob4]

Re: Good Bye Fountain, ProLine, Donzi and Baja....

You tend to get alot of that over there on the Bilge.

Don't go in the bilge anymore, got me sent marching...to "Band Camp"!!