Sealine’s Kidderminster factory will be put up for sale and manufacturing of luxury boats moved overseas, after the brand was sold to an investment company.
The firm's administrators, Baker Tilly, announced this afternoon that the Sealine brand had been sold to a newly founded subsidiary of European firm Aurelius.
Sealine, based in Worcester Road, went into administration at the end of April and more than 240 staff have since been made redundant.
Baker Tilly said Aurelius planned to produce the 380 and 450 series models through contract manufacturers .
Completed boats at the Kidderminster yard will be shipped overseas.
Baker Tilly is now arranging the clearance of the remaining plant, machinery and equipment and stock and the remaining 34 employees will be assisting with that process.