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Latest comment: 5 years ago3 comments2 people in discussion
The name of the company was "C&C Yachts", even though the C&C in the name were Cuthbertson & Cassian, the company name was never "Cuthbertson & Cassian Yachts". - Ahunt (talk) 21:40, 7 December 2018 (UTC)Reply
The above is correct. There was a different company, that came into existence in the early 1960's called Cuthbertson & Cassian Ltd. That company, along with Hinterhoeller Ltd., Belleville Marine Yard Ltd., and Bruckmann Manufacturing Ltd. were absorbed into a holding company called C&C Yachts Limited, officially formed on September 26, 1969.
The C&C corporate history states, "On September 26, the lever was officially pulled that brought their independent operations together under one roof, to be known as C&C Yachts Limited. In addition to varying cash considerations, each company acquired 150,000 shares in the new venture. These companies continued to function as individual entities, with the parent company responsible for the financing, marketing, and accounting for the group."
But all was not rosy. Ian Morch's Belleville Marine Yard was losing money and probably as a means of avoiding bankruptcy, he vigorously pursued a plan whereby operations would become more centralized. Cuthbertson opposed the plan, seeing virtue in their degrees of autonomy. After a number of heated board meetings, Morch's proposal was accepted, and the four firms became as one.
"The holding company was transformed into a wholly owned corporation," Hinterhoeller said. "That is, C&C Yachts, and names like Hinterhoeller, Division of C&C, disappeared. I voted for this transition, which proved to be a mistake."
