ETAP Yachting
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ETAP Yachting
ETAP Yachting is a Belgium, Belgian boat builder based in Lokeren. The company specializes in the design and manufacture of fibreglass sailboats. History The company was founded by Norbert Joris in 1970 and was originally a manufacturer of lighting, aluminium and fibreglass products. ETAP stands for ''Electro Technical Apparatus''.Henkel, Steve: ''The Sailor's Book of Small Cruising Sailboats'', pages 98, 168 & 169. International Marine/McGraw-Hill, 2010. The first sailboat design produced was the ETAP 22 in 1974, followed by the ETAP 20 in 1975. The designs have been noted for their use of fibreglass foam sandwich construction, which provides buoyancy, making them unsinkable, while providing rigidity, sound dampening and protection from condensation. The boats also received praise for their high quality of construction and value retention. In the Great Recession the company was losing money and was purchased by Dehler Yachts in 2008. Dehler Deutschland then declared bankrup ...
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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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