Best of the three offers
As we announced on April 19, three offers were filed with the US bankruptcy court for the takeover of the Gunboat shipyard, specializing in high-performance catamarans. The French Grand Large Yachting case was considered the most interesting by the judges, especially against the Sino-American Hudson Wang, owner of HH catamarans, another luxury yacht manufacturer.
Following the hearing between the offers on 25 April, an exclusive negotiation took place between Grand Large Yachting and the court. Xavier Desmarest, boss of the French group, confirmed the finalization of the file this Monday, May 09, 2016. Details will be available later this week.
A great opening to the American market
The Gunboat yard, founded in 2000 by Peter Johnstone, although it went bankrupt in November 2015, nevertheless left its mark with top-of-the-range, high-performance catamarans with a modern design. An image that could benefit overseas catamarans, one of the brands of the Grand Large Yachting group.
As Xavier Desmarest told us when the application was submitted, the takeover of Gunboat is consistent with Grand Large Yachting's commercial positioning. It will make it possible to develop local production, which is essential for entering a North American market where imports are often delicate.