Hinckley moving headquarters to Rhode Island

PORTLAND, Maine – The Hinckley Co., a luxury yacht builder in Southwest Harbor, Maine, is moving its headquarters from Boston, where the office had been located for the past five years, to Portsmouth, R.I., the Portland Press reported in a story Friday.

Ed Roberts, a Hinckley vice president for marketing and product development, said roughly a dozen people were involved in the Boston-to-Rhode Island move, but that the company would retain its boat building plants in Maine.

Hinckley is currently owned by a private investment group and has roughly 320 employees in Maine and about 600 nationwide.

“We remain firmly committed to maintaining our production facility in Maine,” Roberts said.

Less than a decade ago, nearly all of Hinckley’s income came from sailing yachts. Now 95 percent of boat building revenues come from its powerboats, the newspaper reported.

Hinckley recently launched a new line of propeller-driven boats and Roberts told the Press that the company is planning to move its remaining sailboat production from Trenton back to Southwest Harbor.

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