Wednesday, June 03, 2009

"Irv the Liquidator" Liquidates Genmar

HT Fox Politics

The parent company of Genmar Yacht Group in Pulaski, formerly known as Carver Yacht Group, has filed for Chapter 11 bankruptcy protection.

...Genmar purchased Carver, later renamed Genmar Yacht Group, in 1991.

Company founder Irwin Jacobs says Genmar has suffered from a rapid decrease in sales because of the credit crisis and weak economy.


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