Possible Buyer For Fountain Powerboats?

 

Hustler Powerboats is reporting on its Facebook page that it is in negotiations to buy Fountain Powerboats in Beaufort County.

According to its website, Hustler Powerboats is located in New York and was started in 1979.

Here’s what the company Facebook says:

"Hustler is currently in negotiations to purchase Fountain powerboats and all its assets. As of Oct. 5th, Fountain powerboats will go up for auction and no longer be doing business. Hustler Powerboats will move its operations to NC and re-build the Fountain and Baja Line to full capacity over the next 4 years and keep the Fountain Legacy intact as we feel it is a big part of Performance boat history and do not want to see it die off. We are dedicated to re-strengthening both Fountain and Baja, keeping the same look and feel with improved quality and workmanship. Over these last couple years, Hustler has been blessed with sales and is running strong and would like to give back to the boating community by saving these companies from being auctioned off piece by piece."

WITN spoke with a Hustler representative by phone Wednesday afternoon. He confirmed the information on the Facebook page and said the owner of Hustler is working with the bank and will be touring the Fountain facility Thursday.

WITN is working to contact Reggie Fountain for information.

In August, Fountain Powerboats filed for Chapter 11 bankruptcy protection. An auction is scheduled for the first week of October

Possible Buyer For Fountain Powerboats?

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Author: Hank Sibley Bluewater Yacht Sales

Hank Sibley hsibley@bluewateryachtsales.com Sales Professional Bluewater Yacht Sales Hampton, VA 804.337.1945 (Mobile) 757.788.7082 (Office) 757.723.3329 (Fax)

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