Hinckley acquires Morris Yachts
File Photo / Courtesy Morris Yachts
Morris Yachts, which has experienced the ups and downs of the luxury yacht industry, has been bought by competitor Hinckley Yachts. Pictured here is a 42-foot, M-Series sloop, rounding the Bear Island Lighthouse off of Mount Desert Island.
Hinckley Yachts, headquartered in Southwest Harbor, said it has bought competitor Morris Yachts.
Both companies have manufacturing facilities in Trenton, while Hinckley has service yards along the East Coast and Morris Yachts has service and storage yards on Mount Desert Island, according to a press release.
Hinckley acquired Morris Yachts’ assets Jan. 1 and plans to continue Morris’ boatbuilding and service operations in Downeast Maine under the name of Morris Yachts LLC.
Both companies build high-end yachts within a quarter mile of each other in Trenton. With the new arrangement, “about 380 craftsmen, engineers and technicians will provide a deep pool of talent,” the statement said.
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