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4winns new owner/equity firm
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JupiterSunsation
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The comments listed below the article had a very interesting perspective on the buyer....
Friday, January 08, 2010 at 4:06 p.m.
CADILLAC -- There's a winning bid for a company to become the new owner of Cadillac based boat manufacturer Four Winns.
Its parent company, Minneapolis based Genmar Holdings was up for auction, and Friday it was announced that Platinum Equity of Beverly Hills California placed the highest bid.
Four Winns President Jeff Olson says Platinum's plan is to expand operations at the Cadillac plant, which could mean more jobs for the area.
Closing is expected on January 20.
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"screwed" is right!!
Posted by rose fons, manton - Saturday, January 09, 2010 at 12:27 p.m.
I have lived in cadillac area all my life, this place has changed hands more then i can remember. these "jobs" will go to mexico or hell, maybe china. whose economy is stable enough for the high dollar boat industry anyway?? stay grounded people and don't get your hopes up!!
New Ower of Four Winds
Posted by W. Orrin Eldred, Honor,MI - Friday, January 08, 2010 at 9:48 p.m.
Let us see, make boats in MI or somewhere else when the state has all these taxes and problems. As "screwed over" says, bet I can predict where the jobs will go.
Don't hold your breath that they will stay here.
Beware!!!
Posted by screwed over, Traverse City - Friday, January 08, 2010 at 4:30 p.m.
The company I work for was also bought out by Platinum Equity around August. They made all the same promises to us- more business and work for the plant, support for the next two to five years. Now, four months later, they are closing the plant and moving it to Mexico.
Thanks Platinum!
Friday, January 08, 2010 at 4:06 p.m.
CADILLAC -- There's a winning bid for a company to become the new owner of Cadillac based boat manufacturer Four Winns.
Its parent company, Minneapolis based Genmar Holdings was up for auction, and Friday it was announced that Platinum Equity of Beverly Hills California placed the highest bid.
Four Winns President Jeff Olson says Platinum's plan is to expand operations at the Cadillac plant, which could mean more jobs for the area.
Closing is expected on January 20.
Share this:
"screwed" is right!!
Posted by rose fons, manton - Saturday, January 09, 2010 at 12:27 p.m.
I have lived in cadillac area all my life, this place has changed hands more then i can remember. these "jobs" will go to mexico or hell, maybe china. whose economy is stable enough for the high dollar boat industry anyway?? stay grounded people and don't get your hopes up!!
New Ower of Four Winds
Posted by W. Orrin Eldred, Honor,MI - Friday, January 08, 2010 at 9:48 p.m.
Let us see, make boats in MI or somewhere else when the state has all these taxes and problems. As "screwed over" says, bet I can predict where the jobs will go.
Don't hold your breath that they will stay here.
Beware!!!
Posted by screwed over, Traverse City - Friday, January 08, 2010 at 4:30 p.m.
The company I work for was also bought out by Platinum Equity around August. They made all the same promises to us- more business and work for the plant, support for the next two to five years. Now, four months later, they are closing the plant and moving it to Mexico.
Thanks Platinum!
Magicfloat
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