Built on the Jersey shore, Silverton luxury yachts are designed for the avid cruiser and for those who want a competitively priced luxury yacht that they can use on inland waterways or along the coast. Buddy Davis
My specialties include working with my customers through every step of the process in selling or purchasing a vessel. The new boat lines that I have sold are Albin, Mainship, Carolina Classic and Catalina Sail Boats. He oversees the Urban Enterprise Zone in the city.“At one point, they had more than 400 employees. See actions taken by the people who manage and post content. The bankruptcy filing was not immediately available online. For More Information Call 609.965.2300 . Order your copy today This hardcover collector’s book is available now! The economic conditions just deteriorated so drastically.”Silverton listed both assets and liabilities between $10 million and $50 million. But this year they were operating with a skeleton crew,” he said.A March 20 report by labor-market firm Dun & Bradstreet Inc. said Silverton had 370 employees in 2010 and 300 in 2011, with estimated annual sales of nearly $24 million. Millville-based Silverton Marine Corp. files for Chapter 11 bankruptcy protection Get an email notification whenever someone contributes to the discussion You must be a digital subscriber to view this article. | Silverton boats for sale on YachtWorld are available for a swath of prices from $9,915 on the lower-cost segment all the way up to $458,350 for the most expensive, custom yachts. “We’re going to root for them to reorganize and hope for the best. The Luhrs Marine Group put out a statement on February 8 that the company (Silverton, Mainship and Luhrs)was taking a 60-90 day "break" in production. Free est. Sister company Hunter Marine of Alachua, Fla., was the largest maker of sailboats in the United States and was responsible for 32 percent of all new sailboat registrations in 2010.But luxury watercraft companies in southern New Jersey have faced lean times in recent years. Viking Yacht Co. in Bass River Township, Burlington County, has laid off 560 workers since 2008.Silverton, too, had been making severe cutbacks, said Don Ayres, economic development director for Millville. The real problem was a lack of sales,” Ayres said.The global recession cut deeply into the luxury yacht market while lenders were risk-averse about extending credit, Ayres said.“The management team did everything they possibly could to try to bring about a more positive result,” Ayres said. Since I own a Silverton, I follow … You must be a full digital subscriber to read this article. We like to get together in the winter, on our club bulletin board and talk about our boats. Silverton Yachts, Egg Harbor City, NJ. (60…EXPERT Building & Remodeling Bathrooms, kitchens, Custom Ceramic Tile, Custom Decks, Win…This hardcover collector’s book is available now! You must be a digital subscriber to view this article. Order your copy today Get up-to-the-minute news sent straight to your device. Your ultimate resource guide to the science, storms and history of weather in South Jersey FRESHCRETE MASONRY Driveway, sidewalks, footings, foundations, stucco, dryvit. I really enjoy … Notifications from this discussion will be disabled. “The company is looking at various options right now, a stand-alone restructuring plan or alternative restructuring including a sale. The goal is to maximize value to creditors.”The court action is part of the larger corporate bankruptcy of parent company Morgan Industries Corp., based in St. Augustine, Fla. Topics even cover what we learned on our boat last summer. The powerboat companies — Silverton, Luhrs and Mainship, located in Millville, N.J. — had ceased operations in January. You must be a full digital subscriber to read this article. Its 20 largest debts total $2.1 million, including $34,612 to Millville for utilities.The company’s largest creditor at $1 million is Textron Inc., of Minneapolis.A yearlong series examining the city's path forward A Press series in which local notables take us on a tour of a favorite spot in their home.

This is a great place to for Silverton boat owners hang out in the winter, when most of the Silverton boats are in winter storage. Outdoor & Sporting Goods Company in Egg Harbor City, New JerseySilverton is committed to the notion that the achievement of product excellence is not an impossible...It looks like you may be having problems playing this video. If so, please try restarting your browser.Facebook is showing information to help you better understand the purpose of a Page. In 2009, Silverton told The Press of Atlantic City that it employed 250 people.The Urban Enterprise Zone in 2010 approved a $2 million loan to Silverton to help the company diversify its product line. Builders of Silverton & Ovation Yachts from 33' to 54' You must be a digital subscriber to view this article. I have brokered and sold Silvertons of various sizes and ages. They encouraged their dealers to continue to take orders to "fill the pipeline." You must be a full digital subscriber to read this article. Silverton Yachts Acquired by Egg Harbor Yachts - Oversea ... Overseainsurance.com Silverton Yachts, being in business since 1969, has been acquired by Egg Harbor Yachts. High performance models can hold motors up to an exceptional 1,469 horsepower, while smaller models may have as little as 330 horsepower engines (although the average motor size is 712 … … MILLVILLE — Yacht-maker Silverton Marine Corp. filed for Chapter 11 bankruptcy protection this week in Trenton, months after suspending its boat-building operations in February. Florida-based Hunter Marine, the sailboat builder, has never shut down production, Peterson said, and continues to be up and running. For 43 years Silverton Yachts has brought countless hours of fun on the water to thousands of its owners. Post Marine Co., which had been making yachts in Hamilton Township since 1957, filed for Chapter 7 bankruptcy and liquidated in 2011.


They have done the right thing.