Business news : Sealine brand acquired by Hanse owners

The Sealine brand was sold on 26 June to a ‘newly founded subsidiary’ of Aurelius AG, the pan-European investment holding specialist company.

Aurelius AG acquired a majority stake in HanseYachts AG in March 2011. The Hanse portfolio includes Hanse, Moody, Dehler and Fjord.

A statement from the Sealine Joint Administrators said the acquirer plans to produce the 380 and 450 series models through contract manufacturers and those assets will be shipped overseas.
The remaining unfinished boats in that series have been acquired by another entity, whose intention is also to ship those assets overseas.

The Joint Administrators are now in the process of conducting a disposal of the remaining plant, machinery and equipment and stock and the remaining 34 employees will be assisting the Joint Administrators with the disposal processes and removal of assets from the freehold premises in Kidderminster which will be marketed for sale in due course.

source Hanse through Boating Business