Cox Craft Halts Production, Awaiting Buyer
by Jeni Bone on 19 Aug 2008
The popular Rum Runner series was picked up by Channel Nine. MIAA
Gold Coast manufacturer, Cox Craft has halted production, awaiting progress with “a couple of interested parties” who are keen to buy the business and relocate it, possibly to the Sunshine Coast.
Adam Skelton, managing director at the company, confirmed the company ceased production three weeks ago and will be in a position to confirm details of any sale of the business within days.
“We have been speaking with the first party and have another company who has expressed interest as well.”
During regular production, Cox Craft turns out 50-60 boats per year. At the height of production the company employed around 7 people, all of whom have been laid off in the last few weeks.
Established as a family-owned business in the 1970s, Cox Craft was renowned for high quality, competitively priced fibreglass boats.
All boats in the popular ‘Runner’ series pass survey for commercial use as standard. Appealing to a wide range of boating enthusiasts, the range offers everything from a reliable family run-about, to a professional open-water fishing vessel. Cox Craft has 10 dealers around Australia.
More at www.coxcraft.com
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