Hinckley Yachts has acquired another Maine-based yacht builder, Morris Yachts.
Hinckley acquired the assets of the sailboat builder on Jan. 1, the Ellsworth American reported.
Hinckley officials said they to continue using the Morris brand and absorb Morris’ boatbuilding and service operations in eastern Maine. The two companies are located within a quarter mile of each other in Trenton, Maine, and will together employ about 380 people.
Hinckley president and CEO Jim McManus passed away in November. The company has yet to name a permanent replacement.