heard a wisper from a reliable source that ally craft was bought out by telwater and they wont be producing any allycrafts any time soon.
it will be interesting to see what eventuates from it all.
Surely Telwater haven't bought out yet another Boat builder. There are only a couple of Boat builders left that build a full range (from that I mean sizes from 3m to 6m +) of pressed Tinnies and Ally Craft is one of them. I hope it isn't true as our choices are slowly being swallowed up by the Telwater giant.
Hmmm only recently bought an Ally Craft too, I guess it's a good thing I'm not intending to sell it soon!
Telewater are a getting bit borg like
"resistance is futile... you will be assimilated!"
| Savage Kestral with Evinrude 9.9 --> Stacer 3.9 with Yamaha 15 --> Polycraft 4.55 CC with Honda 50 --> Ally Craft Reel Mate 4.25 with Yamaha 3 cylinder 30 horse --> Hmmm what next? |
hey guys i was at the factory last week and it didnt look like it was getting sold out anytime soon. They were still making allycraft boats and my cousin just bought one yesty. They did a great job building a floor for my 3.9!
This is on the the web site /www.goldcoast.com.au/article/2010/06/29/233411_gold-coast-news.html
Ally Craft sale set to cost jobs
Thomas Chamberlin | June 29th, 2010
ABOUT 30 staff are set to lose their jobs after boating manufacturer Telwater bought out Gold Coast company Ally Craft.
The sale of the company, owned by Murray and Iris Cox for the past 22 years, has shocked employees who work out of the Arundel warehouses, but Mrs Cox said Telwater had assured they would interview employees for new positions.
Their factories have not been sold but the company name and equipment was part of the sale.
Mrs Cox said she and her husband wanted to retire.
"Murray and I want to have a change," she said.
"Of course it is a hard decision but being that Telwater have taken it on we believe it is a good option for the Ally Craft brand."
In 2006, an Arundel warehouse in Ivan Street owned by Ally Craft was sold for $1.1 million plus GST and Ally Craft was relocated to Gibbs Street.
The property was bought by BB Freight Services in a deal handled by Pat Cavanagh of Colliers International.
Telwater could not be contacted for comment yesterday.
Looks like it is true after all
Hi, it is true and I got word of this yesterday and from what I know the guys who worked at Allycraft will be offered jobs at Telwater if they met the standard. As for the Allycraft brand that is up in the air and from what I have been told Telwater are not going to make Allycraft boats at this stage so might disappear and not sure about warranty or new stock.
Cheers,
Huey.
From what happened to my mates Hornet two words stand out to me in that post Huey,standard and warrenty. Both interesting concepts for Telwater.Originally Posted by Huey
Hi, I can not comment on your mates Hornet because I have not seen the boat but there are always two sides to every story and IF Telwater made such bad boats I do not think they would be in a position to do what they have done in this post with the way the marine industry is at present with sales way down compared to years past. I can only comment what we see here and have seen over the last 48 years of operation and Telwater stand behind their product and often the dealer can make a huge difference and I guess we are just lucky that we have had, over many many years, no big problems with Stacers and if and when we do get an issue the issue gets fixed by us and Telwater pay us fairly.
I guess it is the tall poppy syndrome and if you do not like or your mate does not like Telwater built boats than you are free to buy what ever you like and i wish you well and many years of boating pleasure. I just have sold most brands (even the brand talked about in this post) over the years and I have been to pretty much all the factories and seen what goes on and the Telwater set-up is very impressive.
Cheers,
Huey.
wow. You would never had thought it, I just hope all the guys in the factory keep there jobs. Its hard to think whats going through their heads at the moment.
G'day Huey
I've explained on the forum the problem my mate had with his Hornet so I won't go into it again. Also in another post I've recommended a Stacer SC cause another mate has one and he's happy with it. So there you go.
Just feel for the workers and owners of any Allycraft that may have a warrenty issue and hope that covering warrenty was part of the deal. The same for workers entitlements which I guess would be OK as selling up is a lot different than belly up.
Cheers
Hi, back on the topic and yes I would think what the employees are owed is to be looked after by the previous owners of Allycraft. As for warranty to Allycraft owners again that will be the responsibilty of the old owners not the new ones so I wish any Allycraft owners well. As for the employees if they want to and met the requirements they will be able to get jobs at Telwater and I would think from what I have seen of the two factories working at the Telwater factory would be much nicer.
Cheers,
Huey.
Huey..are you certain that any warranty problems with be handled by the previous owners? Don't think it fair to send people up the wrong path if these are not real facts.
Huey - When a company is bought out the new owners take on all of the liabilities. Any employee entitlements become the responsibility of the new owners.
They would have factored this in as a part of their due diligence before signing the deal. The employees can expect to get whatever they are owed if their job becomes redundant or they if decide to resign then their entitlements will be paid out as per legislation.
This is a bit different to when a company goes belly up and the employees must wait for the creditors to make good any thing owing.
Hi Huey,
How can warranty be handled by the old owners?? From what I have read the business was sold to Telwater, not merely the assets. As the business appears to have been sold to Telwater as an operating business that company would hold those liabilities (irrespective of who the owners may well be).
As ownbership over the business has been transferred surely all employees would at this point be employed by that business, again irrespecitve of who owns it, and then if the new owners decide to cease trading of that business the owners would be the ones responsible for ongoing warranty and employee entitlements. Unless of course the company went under prior to the sale and all that was merely purchased was the assets - however there has certainly been no suggestion of that anywhere I have seen.
Hi, I am not an expert in the legalities of this but Telwater are not going to be making Allycraft boats from what I have been told. They have bought the equipment and trademark and as far as I know a new company that did not make a product does not have to warrant it. If you are worried and I would be if I owned an in warranty Allycraft, I would call the current owners and find out where and how my warranty (if needed) will be paid. I know for a fact the companies that we have been involved with over the years that have SOLD to another company, the new company does not want to know about warranty even though they are still making the same boats under the same name-we have had to cover the warranty ourselves. This case is different though as I said and I guess we will know more in a few months.
The owners I am sure got a fair price and they would be entitled to pay out any income owed to the workers or creditors and i do hope for Allycraft owners sakes they have a slush fund for any warranty work on boats that they have made in the last few years.
Cheers,
Huey.
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