BELLINGHAM - Aluminum Chambered Boats announced on Monday, Nov. 15, that it is ceasing operations at its Fairhaven facility.
In a press release, interim president Tom Latham said the recession has impacted the company. ACB attempted to secure a strategic investment partner to restructure the company but has not been successful to date. Lack of profitability and a mounting debt load also contributed to the closure.
ACB said 35 workers will be out of a job after Monday's announcement. In May, then-company president Jim Moore said ACB employed about 60 people. At its peak three years ago, the company employed 110 people.
ACB built boats for military and law enforcement agencies, along with the recreation industry.
ACB was founded in 1998 and is a private company owned by more than 200 individual stockholders. Its facility is on the Fairhaven waterfront, on Harris Avenue near the Bellingham Cruise Terminal.
This story will be updated as more information becomes available.
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