Classic Yachts
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Classic Yachts
Classic Yachts was an American boat builder based in Chanute, Kansas. The company specialized in the manufacture of fiberglass sailboats. The company was founded by John Heaton in 1988 and went out of business in 2000. History Heaton started out as a dealer for Laguna Yachts based in Stanton, California and for Gloucester Yachts of Newport Beach, California. Laguna had also bought out a competitor, Coastal Recreation of Costa Mesa, California, in 1981. Laguna Yachts went out of business in 1986 and Gloucester Yachts in 1988, leaving Heaton with no companies to represent. He bought the molds and tooling for some of the designs and produced three of his own boats as "Classics" until a factory fire in 2000 ended the business.Henkel, Steve: ''The Sailor's Book of Small Cruising Sailboats'', pages 172 & 230. International Marine/McGraw-Hill, 2010. The first design produced was the Classic 22 (Windley) in 1989, followed by the Classic 26 in 1991 and the larger Classic 33 in 1996. ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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