Word: algonac
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Dates: during 1960-1969
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Clair River at Algonac, Mich. Today, from its Pompano Beach, Fla. headquarters, Chris-Craft operates nine plants that produce more than 8,000 boats a year, from 17-ft. runabouts (at $3,335) to 66-ft. motor yachts ($160,000). In the fiscal year ended Aug. 31, 1959, its sales to taled nearly $40 million with earnings of $2,500,000. Sales are running at a rate of more than $50 million a year. Smith will remain as chairman, along with the rest of Chris-Craft's management. Wall Street speculated that NAFI would soon change its name...