Nimbus Boats Holding

Type
Bankruptcy
Country
Sweden
Region
Södra Sverige; Västsverige; Västra Götalands län
Location of affected unit(s)
Göteborg, Mariestad, Ryd, Storebro
Sector
Manufacturing
(29 - 30) Manufacture for transport equipment
30.1 - Building of ships and boats
30.12 - Building of pleasure and sporting boats
200 jobs
Number of planned job losses
Job loss
Announcement Date
3 July 2012
Employment effect (start)
Foreseen end date

Description

Nimbus Boats Holding, a Swedish manufacturer of leisure boats for cruising and sports, has filed for bankruptcy for Nimbus Boats Holding and its subsidiaries Nimbus Boats, Storebro Bruks, Ryds Båtindustri and Nimbus Production in Mariestad. As a result 200 employees will lose their jobs.

It is reported that the reason for the bankruptcy is a sharp drop in demand since mid-2008. Despite efforts to save the company by cutting staff and closing facilities during the recent years, the board eventually decided to file for bankruptcy.

Since 2006 Nimbus has been owned by a private equity firm, Altor. The bankruptcy petition does not include Nimbus Stockholm / NIMAX Marina (not a subsidiary).

Sources

  • 3 July 2012: Dagens Nyheter

Citation

Eurofound (2012), Nimbus Boats Holding, Bankruptcy in Sweden, factsheet number 73835, European Restructuring Monitor. Dublin, https://apps.eurofound.europa.eu/restructuring-events/detail/73835.