Companies Bidding on Parent Company of Four Winns

The fate of one of Cadillac's largest employers is in the hands of the highest bidder today. Genmar is the parent company of Four Winns, and currently all of its assets are up for auction, including the Cadillac boat manufacturing facility. The only bidder named so far is the California-based company, Platinum Equity. In December, the president of Four Winns, Jeff Olson, said Platinum Equity wants to keep the company in town and even add to its production. A hearing to approve Genmar's sale is scheduled for next Wednesday.