A local boat manufacturer of two well-known brands of powerboats closed its doors Wednesday after 15 years of manufacturing and selling the floating luxury items.
Power Marine and Motor Sports Inc, manufacturing corporation of Magic Powerboats and Sleek Powerboats, bid farewell to its employees and consumers Monday for unknown reasons, according to the corporation’s owner.
“We are not bankrupt, we are just closing our doors. …It is very hard,†said Ron Moyes, owner of Magic and Sleek brand boat manufacturing corporation.
The longtime owner of the Lake Havasu City-based manufacturing plant and sales office would not comment as to reasons surrounding the company’s closure.
“We started downsizing (staff) last September,†Moyes said. Approximately 20 employees were affected by the closing this week, he siad.
“I think it is a big loss … it is symptomatic of what is happening in the marine industry right now,†said Jim Salscheider, executive director of Lake Havasu City Marine Association… Details