- The news that Palmer Johnson Yachts will be closing in Sturgeon
Bay saddened Harken CEO Bill Goggins, but he said it would have no
effect on Pewaukee-based Harken Inc.
fact, Goggins said Harken is having a “tremendous year.”
Johnson Yachts notified the Wisconsin Department of Workforce
Development this week that it is shutting down its operations in
Sturgeon Bay because of diminished sales and increase foreign
competition. About 100 people will be affected by the facility’s
manufactures and markets quality sailboat hardware and accessories
for sailing yachts, while Palmer Johnson was the manufacturer of
power yachts and superyachts.
said it’s been beneficial for Harken Inc. to be diversified with
its business — 60 percent of which is exported. Also, the company
keeps tabs on trends in the industry around the world.
can hurt some of these large yacht builders, Goggins said, are
things like exchange rates, cost of labor and lead times.
significant portion of the demand for large and mega yachts is now
going to Europe — countries like Holland and Italy, Goggins said,
adding previously it was in New Zealand.
are nimble and we are leveraging that,” Goggins said, emphasizing
that Harken is a leader in its category. “I think the super yacht
business is stronger than ever.”
addition, Harken is looking to grow into other market sectors that
aren’t strictly marine-related, such as other markets in rope
are committed to the Pewaukee area, Waukesha County area,” Goggins
said. “We do all manufacturing inhouse. We are doing very well.”