Receiver Appointed for Baja, Donzi, Fountain and ProLine

 

It has been announced that efforts are underway to resume operations at boat builders Baja Marine, Donzi Marine, Fountain Powerboats and ProLine Boats, according to Ronald Glass, a Principal  in GlassRatner Advisory & Capital Group, LLC. Glass, who is headquartered in Atlanta, has been named temporary receiver of the four boat builders and their assets, along with Palmetto Park Financial, by North Carolina Business Court Judge James Gale.

Because of this, none of the four boat builders were exhibitors at the Fort Lauderdale International Boat Show although some Fountain and ProLine dealers were showing boats at FLIBS.

The company has announced a plan to complete all boats currently in production and to honour all existing warranties. For service and warranty matters related to Baja, Donzi, Fountain, and ProLine, calls may be directed to the companies’ headquarters at 252-975-2000.

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