Doral Files For Bankruptcy, Again

May 4, 2012

For the second time in two years, boat-builder Doral International has filed for bankruptcy. According to an article in La Presse, owner Denis Poliseno filed after rejecting an offer from Investissement Québec. Poliseno had taken out a $2 million start-up loan from the provincial investment corporation after he bought the firm’s assets in a 2010 bankruptcy.

The bankruptcy buys the firm 30 days to seek out new partners or even a purchaser.

“We have already identified potential industry players,” says Jean Gagnon, a spokesperson for Raymond Chabot Grant Thornton, the firm handling the bankruptcy and potential restructuring. “We’re having discussions and hoping that someone will be able to restart the business.”

Gagnon notes that the firm has clients waiting for delivery, as well as orders on hand.

Just a year ago, employees were celebrating the company’s start-up, made possible by the Investissement Québec loan. Now employees are waiting to find out whether they’ll still have jobs.

Related Posts

Good Advice that You Can Share – Falling Overboard Recovery Steps

By John Gullick
 
An accident that occurs with surprising frequency to passengers and crew is falling. The chance of this happening can be greatly reduced if precautions are taken, such as wearing non-skid shoes that lace up and wearing appropriate clothing that does not impede movement. Those on board should make sure they have a sound footing and a good handhold at all times. Here is an old saying to remember: “Sailors were given two hands, one for the ship and one for themselves.” 

Read More

Changing Scene

Need to Catch up on News This Week?

Every Tuesday we publish a fresh Digest with informative articles pertaining to the Canadian boating and marine industry. Stay up to date with the latest products, research and industry developments.

Missed an Issue of Boating Industry Canada News Week? If you’re looking for a specific issue, or simply want to catch up on previous issues, check out our Boating Industry Canada News Week Archives.

Not signed up for News Week? Subscribe here.

Just Launched

Lund Boats Introduces New 2027 HG Pro Series, Combining Hardtop Protection with Big-Water Capability 

All-new 220 HG Pro and 240 HG Pro models deliver rugged heavy-gauge construction, enclosed hardtop comfort and serious fishing functionality for demanding open-water anglers. 

Lund Boats has unveiled the all-new Model Year 2027 HG Pro Series, a purpose-built heavy-gauge aluminum platform designed for anglers who pursue big-water fisheries in changing conditions. 

Read More

JBL Debuts the Flip 7 Magnet for Secure Portable Sound on the Water and Beyond

JBL has announced the Flip 7 Magnet, a flexible mounting solution that brings portable JBL Pro Sound to boats, golf carts, RVs, powersports, vehicles and more. The purpose-built magnetic accessory securely holds the best-selling JBL Flip 7 on compatible metal surfaces, while an included receiver plate extends placement to nonmagnetic surfaces. 

Read More

People