SeaArk Marine: Temporarily Discontinues Accepting New Orders
Military and industrial aluminum boat manufacturer SeaArk Marine, Inc. of Monticello, Arkansas said it will temporarily suspend acceptance of new boat orders until further notice. Due to very sporadic and extremely low (new construction) sales figures for nearly 24 straight months, the company announced that it would begin an overhead reduction plan in an attempt to “ride out” the effects of the current market until substantial improvement in the government & industrial marine sector appeared more apparent. SeaArk Marine, Inc. is not completely shutting down its operations.
Long History, Promising Future
SeaArk Marine inc. of Monticello, Ark., is a company ideally positioned to benefit from the influx of patrol boat orders expected in the wake of tightening waterway security. The company is well-regarded for quality of construction and support, and has been the beneficiary of some large deals for new boats. Founded in 1959 as MonArk Boat Co., SeaArk Marine, Inc. has a long and varied history in the aluminum boat building industry. The company got its start when Zach McClendon started building riveted, aluminum flat bottom Jon boats. After a few years and several additions to the product line, the company started selling riveted and all-welded boats to entities such as the U.S. Army Corps of Engineers, Law Enforcement Agencies, and Fish and Wildlife Departments.
