After the founder passed away, the heirs apparently were uninterested in running the business. Not a lot of suiters for a USA sailboat manufacturer, but the selected buyer was not the best decision.
(Hmmm, other software converts the link to HTML image of the source article. Maybe not this platform.)
Tartan may (or may not) be resurrected as stand alone. There are still legal things to be sorted, including dispute between original Catalina and 2 key employees that relocated to Florida when Catalina moved. Argument over guaranteed $1 million payment after 7 years or when Catalina sold stock. Apparently the sale to grifter last year who never built a boat included assets but not stock. I’m thinking only the lawyers will win.
PAINESVILLE, Ohio - Tartan Yachts, a leading manufacturer of luxury American-built yachts, announced today that a definitive agreement has been reached to transition ownership and operations to a new ownership group composed of manufacturing professionals with decades of industry experience, including longtime Tartan partner, Jon Duer, the newly appointed Chief Executive Officer. The deal provides the new ownership with company assets and will allow Tartan Yachts to continue the tradition of producing high-quality,