Maritimo reveals its plans for Mustang

3:29 PM Wed 19 May 2010 GMT
Following on from the announcement that luxury boat builder Maritimo has purchased the assets of Mustang Marine, the company has revealed its plans for the brand. Mustang entered into voluntary receivership in March after owner Standard Bank withdrew financial support. Maritimo CEO Bill Barry-Cotter said the successful bid had been a joint venture between Maritimo and local businessman Steve Searle. He said that Mr Searle would take some of the plant and equipment and would have no further involvement in the business. 'Maritimo has acquired the intellectual property and moulds and will maintain ...

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by Bob Wonders

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Maritimo reveals its plans for Mustang

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