West Marine, the nation’s leading omnichannel provider of marine aftermarket products, has successfully emerged from Chapter 11 bankruptcy after a comprehensive financial restructuring. The company is now better positioned to continue investing in products, services, expertise and customer service to serve customers through its roughly 100 retail locations, online platform and the West Marine Pro business, having reduced its debt by more than $265 million, and procured another $10 million to help bolster its business in the next phase.
“Today marks an important milestone for West Marine and the beginning of an exciting new chapter for our business,” said Paulee Day, CEO of West Marine. “Throughout this process, we remained focused on what matters most: serving customers, supporting the boating community, and preserving the legacy of a company that has been helping people enjoy time on the water for generations. Thanks to the support of our customers, vendors, partners, and financial stakeholders, and the unwavering dedication of our Crew Members, we are emerging as a stronger company positioned to build on momentum and serve the boating community for years to come.”
PHOTO: WEST MARINE FACEBOOK
