Hustler Powerboats said in a statement today that it is going into negotiations to purchase Fountain Powerboats and all its assets. Fountain filed for Chapter 11 bankruptcy protection on August 25, 2009.
Hustler said Fountain’s assets are scheduled to go to auction on October 5. Hustler would move its operations from New York to Fountain’s North Carolina facilities if the acquisition is successful.
Hank Sibley Bluewater Yacht Sales 