Change For Beaufort County Boat Builder

Changes are happening in the management of a boat builder in Beaufort County.

Liberty Associates has announced it is no longer providing management services to American Marine Holdings, which includes the boat brands Donzi, Fountain and Pro-Line. The three lines are manufactured out the former Fountain plant in Chocowinity.

A press release also reports "Liberty’s affiliate has transferred its nominee ownership interest in AMH to FCC, LCC d/b/a First Capital, a portfolio company of HIG Capital. Liberty has enjoyed its part in steering the company through the very difficult times that the boat manufacturing industry has experienced recently, and wishes FCC continued success with AMH in the future."

There is no word how or if this change will impact the Beaufort County boat plant.

An e-mailed press release referred all questions to John Walker at the Beaufort County facility.

WITN left a message for Walker Friday afternoon. As of 6:00 p.m., that call had not been returned.

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  • by countryboy Location: ne nc on Oct 13, 2011 at 10:15 AM
    Here's your change Reggie to buy fountain back.Please do we need to go back to work.
  • by Shine Location: NE NC on Oct 12, 2011 at 04:06 AM
    I have seen a similar event like this. Fountain couldn't get any money, because it is NC based. A new corp. or holding co. was set up and they moved Donzi, Proline, and Baja in........... Dept. of commerce gave BIG$$$$ to get them in the state ---- they go flat and run away w/ the cash/ prob. unsecured/ just like I saw them do w/' another co. It would be INTERESTING to see WHO is on the board of directors........ Butterfield, Walter B, Reggie etc.
  • by xonduaws Location: enc on Oct 9, 2011 at 02:01 PM
    does anyone know how many employees are at that location? I guess I am asking for two figures, last weeks and this weeks.
  • by m on Oct 9, 2011 at 06:32 AM
    one phrase E.S.O.P.
  • by G. Bush on Oct 9, 2011 at 04:07 AM
    It's Obuma's fault.
  • by ME on Oct 9, 2011 at 03:16 AM
    Now that Liberty has pulled out of Fountain... word on the grapevine is that the employess left Friday with tool boxes in hand ...Fountain now out of business?????? Great opportunity for Reggie to buy it back now if he can
    • reply
      by Anonymous on Oct 9, 2011 at 08:04 AM in reply to ME
      The State of NC will not give him the money this time. So fat chance. If a bank loans him money, then please let me know immediately so I may dump it's stock and get my money out if I have any in it.
  • by ME on Oct 8, 2011 at 01:59 PM
    ONTO Chapter 3 of the Fountain Soap Opera
  • by bills Location: enc on Oct 8, 2011 at 12:28 PM
    yes, the secretive Committee of 100 can get the job done...and EDC? Absolutely some of the finest economic minds at work there. Maybe the two of them will convince the new owners to move into a new building in an industrial park somewhere in Beaufort Co...ship the boats to the old Fountain complex for testing, thereby generating a couple of new jobs. Ha!
  • by Kimo Location: Belhaven on Oct 8, 2011 at 11:57 AM
    we need to get the Committee of 100 on this case. They will straighten it out in no time. And if they can't do it, our EDC folks surely can. Whadda mean they are one and the same?? Hmmm....
    • reply
      by Anonymous on Oct 9, 2011 at 05:45 AM in reply to Kimo
      Yes they take our tax dollars for things they did not do. Sounds a bit like stealing to me. Some are also county employess and take gifts. Any other county employee would be fired.
  • by Yep on Oct 8, 2011 at 10:08 AM
    They moved all Manufacturing of Donzi - Baja and Proline to the Fountian plant earlier this year.
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