TUESDAY 2/25/2020 3:28 p.m.
PULASKI, Wis. (WFRV) – Despite previous reports that Marquis Yachts in Pulaski could close on March 1 if a new buyer was not found, a letter sent to its dealers says that is no longer the case.
“We expect that there will not be any disruption in the continued production of our yachts,” says the letter.
Marquis Yachts goes on to say it “has no plans to shut down indefinitely. Rather, we are in the process of selling our company to a buyer who will continue to operate Marquis in the manner you have come to expect.”
The process of finding a buyer is expected to continue “over the next few months.”
The manufacturing of boats is continuing “with a limited, dedicated, and determined workforce,” the letter continues.
Marquis says they expect to participate in key boat shows, including the Miami International Boat Show.
The letter goes on to say that Marquis Yachts has “a substantial backlog of boat orders and have seen a high volume of retail activity over the past few months.”
“By all accounts, we are off to a strong 2020. We are continuing to market and sell our boats, and will, of course, continue to support you and your customers.”
Local 5 reached out to Marquis Yachts for a comment, but they did not immediately respond to our requests.
Original Story: Marquis Yachts in Pulaski may close March 1 for undetermined amount of time, 344 workers affected
THURSDAY 1/30/2020 4:24 p.m.
PULASKI, Wis. (WFRV) – Marquis Yachts could be closing March 1 if a new buyer isn’t found; 344 employees would be at risk of losing their jobs
According to Rob Parmentier, President and CEO of Marquis Yachts, the Pulaski-based company anticipates it will close its facility for an undetermined amount of time in late winter.
The company has been actively engaged with potential buyers and stakeholders to negotiate the sale of Marquis Yachts with the goal of securing long-term financing to allow continued operations. However, as the negotiations continue, the luxury yacht maker says its working with limited financial resources that will last only until March 1.
According to the company, Marquis Yachts doesn’t believe a sale will be finalized prior to March 1, so a temporary shutdown is anticipated.
Parmentier says the shutdown may affect all employees.
Should a sale close prior to February 29 the shutdown will be avoided.
A list of all the positions affected is attached here.