Info Aqualung Financial Troubles

[Outbound]

Aqualung Group Reorganizes North American Operations, Will Lay Off 60 Employees - DeeperBlue.com

In a sweeping reorganization of its North American operations, Aqualung Group will lay off 60 US-based employees and close its facilities in California and Hawaii.

www.deeperblue.com

That news story does not say that AL is shutting down all production. You are spreading FUD.

AL has announced that it will be shutting down a plant in Italy and moving that production to one of its facilities in England in order to streamline manufacturing and distribution. But that's not the same thing as "Barings has stopped all production and let everyone go. Barings has sold all remaining inventory. Now there is no one (or place) left to make anything."

 

[OMyMyOHellYes]

Aqualung Group Reorganizes North American Operations, Will Lay Off 60 Employees - DeeperBlue.com

In a sweeping reorganization of its North American operations, Aqualung Group will lay off 60 US-based employees and close its facilities in California and Hawaii.

www.deeperblue.com

Thanks - I read that as much more of an aggressive reorganization rather than a shutdown.

I expect the North American AL organization to pretty much be a marketing and distribution organization. I think most of their stuff is European made (open to correction ,please).

If so, it would make sense to pull out of high-rent states like California and Hawaii and relocate a more streamlined sales staff (likely the off-site staff) and distribution hub in more affordable locales, which is what I read there.

 

[Divin'Papaw]

Barings has stopped all production and let everyone go. Barings has sold all remaining inventory. Now there is no one (or place) left to make anything. If no buyer steps up, where will you buy anything for repairs?

Aqualung Group Reorganizes North American Operations, Will Lay Off 60 Employees - DeeperBlue.com

In a sweeping reorganization of its North American operations, Aqualung Group will lay off 60 US-based employees and close its facilities in California and Hawaii.

www.deeperblue.com

I think you are making an overly broad generalization and stating things as fact that are simply not true. I fully expected changes to be made in efforts to make Aqualung financially viable once again. None of this reorganization surprises me. Actually, if they were not making operational changes to drive efficiency and improve their finances, THAT would worry me.

 

[formernuke]

That doesn't make sense. They have large government contracts for apeks.

 

[scubadada]

Aqualung Group Reorganizes North American Operations, Will Lay Off 60 Employees - DeeperBlue.com

In a sweeping reorganization of its North American operations, Aqualung Group will lay off 60 US-based employees and close its facilities in California and Hawaii.

www.deeperblue.com

Hi @Stingrayvilla

This was last December, nearly 6 months ago. Do you have follow up? Where was the East Coast Aqualung headquarters located? The website still lists the US headquarters as in Carlsbad, CA.

I find little to no information available since the acquisition by Barings was completed, nothing like what you stated above

Info - Aqualung Financial Troubles

Aqualung bought it in 2016. I don't think they've sold it yet. Everything is owned by the majority lender Barings. They now own everything under the Aqualung Group. They are trying to recoup their loans to Aqualung by selling everything off. They are not the people to try to run any of the...

scubaboard.com

Info - Aqualung Financial Troubles

Barings has stopped all production and let everyone go. Barings has sold all remaining inventory. Now there is no one (or place) left to make anything. If no buyer steps up, where will you buy anything for repairs? This is official for AL and APEKS?

scubaboard.com

 

[runsongas]

They might not bother to restart a physical office/warehouse in the US. Just drop ship from the EU to dealers and have sales/support work remote/WFH.

 

[scubadada]

They might not bother to restart a physical office/warehouse in the US. Just drop ship from the EU to dealers and have sales/support work remote/WFH.

The reorganization article mentioned decreasing from 83 to 23 employees, 16 remote and 7 at the new facility.

 

[runsongas]

the article also said they planned an east coast distribution office, which presumably would be where the website would be updated to from the old carlsbad address. but that hasn't happened, so they may have dropped those plans.

 

[-JD-]

the article also said they planned an east coast distribution office, which presumably would be where the website would be updated to from the old carlsbad address. but that hasn't happened, so they may have dropped those plans.

... or laid off the IT 'guy'.

 

[TravisD]

Guessing it'll be a Delaware "hq" for tax reasons... and probably an office in Tysons/Fairfax area to be close to the Gov't/Defense folks.