Purchasing Fountain Powerboats

[raceday500]

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. If you have any question please feel free to email me at john@hustlerpowerboats.com

[bor]

who what happend there at fountain they just take over baja and now there are up for auction !?

[Elite Marine]

Lack of sales...to much top end salaries...typical corporate stuff I imagine.

The guys at Hustler evidently have it down if they are making a run for them.

Good luck guys! You have been great to deal with and are an asset to the industry.

[mwdill]

i think that is great news! good luck! will the Hustler line be built there as well?

[SLOWBOATER]

i hope joe can do this ,because if he does it will make baja and fountain that much better boats
i bought a 39 rockit and i am very happy and satisified with the boat
whatever joe and john tell you is the way it is going to be with
good luck hustler with the purchase and may you go straight forward

[Strip Poker 388]

best of luck Hustler, Hay redesign the 388 bottom to the 42 fountain bottom

[raceday500]

Went to the Fountain facility yesterday. The plant was amazing and we want to Thank Reggie and all his employees for making us feel right at home. Left with a very positive attitude.

[raceday500]

Our acquisition of secured bank notes of Fountain Powerboats fell a few hours short to Oxford Investment as we were in meetings with Reggie Fountain at his facility on Thursday. It is our understanding that they will be able to run the bid up at the auction to 20 Million dollars. This number does not work to make this a viable investment from us as additional money will be needed to get employees back on the line, re-stock materials and keep the business up and running over the next two years while the country comes back from its current recession. We feel it is a sad day in the boating industry as our expertise and high standards would have helped enhanced the Fountain and Baja lines.

Our passion for building high quality boats is alive and well and we will continue to build Hustler’s full line of boats to the highest standards. We will be coming out with our new 29’ in our Rockit Series at the Miami Boat show to fill that current void in the market place and would like to thank everyone who wished us well over the last few weeks.

We will be looking at new ventures in our industry in the coming months.

[mikebrls]

Originally Posted by raceday500

Our acquisition of secured bank notes of Fountain Powerboats fell a few hours short to Oxford Investment as we were in meetings with Reggie Fountain at his facility on Thursday. It is our understanding that they will be able to run the bid up at the auction to 20 Million dollars. This number does not work to make this a viable investment from us as additional money will be needed to get employees back on the line, re-stock materials and keep the business up and running over the next two years while the country comes back from its current recession. We feel it is a sad day in the boating industry as our expertise and high standards would have helped enhanced the Fountain and Baja lines.

Our passion for building high quality boats is alive and well and we will continue to build Hustler’s full line of boats to the highest standards. We will be coming out with our new 29’ in our Rockit Series at the Miami Boat show to fill that current void in the market place and would like to thank everyone who wished us well over the last few weeks.

We will be looking at new ventures in our industry in the coming months.

john , tell us more about the 29 .

thank's
mike

[OL40SVX]

Originally Posted by mikebrls

john , tell us more about the 29 .

thank's
mike

looks like a mini "Rockit"!!!