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Apr-09-2009 10:04printcomments

Oregon's North River Marine Runs Aground Hard

Times are tough for recreational manufacturers, but if the accusations I have read are true, panic and desperation once ruled the sales end here, by one man. He was at every inventory check previously, always in the room.

North River Marine
North River Boats has not closed its doors
Photo courtesy: northriverboats.com

(ROSEBURG, Ore.) - Recent events in Roseburg Oregon are keeping thousands of boaters attentive to the Oregon boatmakers' developing news; none of it too good.

Last month without warning, a select number of folks at North River Marine were made aware. Their retail outlets were locked and all boats on site were seized.

Boats owned by folks in for repair were caught in the net, or fencing in this case. Answers came slowly, and some angry fisherman wanted their boats back. Slowly an inventory was carefully made, and the privately owned boats thawed out from the frozen assets of the boat maker, repair agent, and seller.

As news came that retail outlets for the Oregon boatmaker were under armed guard, suspicions grew. Knowledgeable boaters knew what this was; financiers had seized property they believed to have an interest in.

Boats and motors. New and Old. Sold and never owned. But who owned what was the question, when finally an accurate inventory showed a shortage of 3.3 million dollars on a Wells Fargo credit line.

North River made a big showing at the Sportsman's show a few months back, but customers weren't seen inside the product.

Times are tough for recreational manufacturers, but if the accusations I have read are true, panic and desperation once ruled the sales end here, by one man. He was at every inventory check previously, always in the room.

But, fresh news of a new CFO, and a board of directors with a restructuring plan, could mean the boats will still keep being built. But now sold under close scrutiny of the federal government.

According to their Website, "North River remains committed to providing the highest quality service and repair for all North River products. To that end, North River continues to have a service technician available at the factory location for all service related needs. Parts are also available through the factory."


Mitch Webb is a State Fish & Wildlife Volunteer who devotes large amounts of time to helping children discover fishing, getting American combat vets out for a day on the river, and educating people about the environmental stewardship that is necessary for fishing to continue as a sport. Mitch may be best known as the operator of a special driftboat named for his friend Kevin Davis who was killed in Iraq. The boat is dedicated to helping veterans; especially those who suffer Post Traumatic Stress Disorder, get a new perspective by spending a day on the river. "Kevin's Driftboat" is used on the Deschutes and Clackamas Rivers, taking combat veterans into a peaceful environment that allows them to focus on the sport of fishing, and get their minds off of other problems that life often holds for those who served in war.




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telkorn2@aol.com July 12, 2009 10:23 pm (Pacific time)

I have been trying for months to find the valu of a 93 nort River 20 footer

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