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Chris-Craft company history timeline

1874

Chris Smith built his first boat in 1874 at the age of 13 in Algonac, Michigan.

1874 Chris-Craft's boatbuilding tradition begins.

The year was 1874, and seven years later Smith partnered with his brother Hank to form Smith and Sons Boat Company.

1881

These Smith-built boats were referred to as "punts" or "skiffs." With his reputation as a master boat builder on the grow, Smith joins with his brother Hank in 1881 to begin producing boats full time.

1884

In 1884 they built a boathouse, and boatbuilding soon supplanted the hunting business.

1910

In 1910, the Smith Ryan Boat Company was formed.

1922

In 1922, the Smith Ryan Boat Company changed its name, and the Chris Smith & Sons Boat Company was formed.

1928

1928: National Automotive Fibers, Inc., is established.

1930

In 1930, the company changed its named to Chris-Craft, and over the years its fortunes rose and fell with the economy.

1935

During the Great Depression the company scaled back their designs to stay afloat - a 16' utility could be bought for just over $400 in 1935.

1935 -- Feeling the effects of the Depression, sales weaken tremendously.

1939

Chris Smith died in 1939, but his son Jay proved to be an equally able builder of boats and the company continued to flourish.

1948

1948 Chris-Craft 22' Utility - Decking, Windshield and Chrome Hardware

1955

In the early ‘50s, Chris-Craft expanded its lineup to include 139 powerboat models, and by 1955, they had manufactured their first fiberglass boat.

1960

NAFI's financial health provided the means in 1960 to acquire the Chris-Craft Company, a boat manufacturer worth $50 million.

The company was purchased in 1960 and went through a few different owners, at one point they even sold off the boat manufacturing division.

Diversification and Growth under New Leadership: 1960-89

1968

The combined sales for 1968 were $89 million.

1971

1971 marked the end of an era, as Chris-Craft built their last mahogany boat – a 57-foot ConstellationTM.

1981

In 1981 Chris-Craft obtained a 19.5 percent ownership of United Television, Inc.

1984

In 1984 Warner Communications, Inc., in an attempt to avert a hostile takeover by Australian investor Rupert Murdoch, welcomed Chris-Craft's investment in the company.

1988

That company had bought Chris-Craft after it had declared bankruptcy in 1988 because of falling sales after years of squandering its reputation by selling generic boats.

1989

In 1989, when Time Inc. merged with Warner Communications to form Time-Warner Inc., Chris-Craft's investment garnered $2.3 billion.

1989 -- Outboard Marine Corp. purchases Chris-Craft Boats.

1990

But first, Chris-Craft, which had moved to Sarasota in 1990, had to become a company worth buying.

1992

By 1992 the company owned and operated six independent and two network-affiliated television stations, and it had become the nation's sixth largest television broadcaster and the second largest independent television producer in the country.

1994

Chris-Craft took a significant step in the broadcasting market in 1994 when the company announced the formation of a fifth national network--United Paramount Network--in cooperation with Viacom Inc.'s Paramount Television Group.

1997

As part of the agreement, Chris-Craft owned 100 percent of UPN, with Paramount having the option to acquire an equal share through January 15, 1997.

1997 Chris-Craft Industries sells a 50 percent stake in UPN to Viacom Inc.

1998

One new program that debuted in October 1998 set a record for achieving the lowest first-run broadcast rating during prime time.

Siegel stated in the company's 1998 annual report, "UPN's importance to Chris-Craft as a strategic asset remains undiminished.

1999

Indeed, Chris-Craft could afford to ride out UPN's shaky and costly beginnings, for the company remained debt-free, with consolidated cash and marketable securities holdings of $1.39 billion as of mid-1999.

Viacom unsuccessfully tried to buy Chris-Craft in the fall of 1999 to complement its pending acquisition of CBS Corporation.

In 1999 OMC installed yet another new management team at Chris-Craft while investing in new computer-controlled cutting equipment for the upholstery shop, noted the Sarasota Herald Tribune.

2001

2001 -- Chris-Craft is purchased by investment group Stellican Ltd.

The Chris-Craft name had been famous for making boats for more than 100 years but the company had been closed for about nine months in 2001 when a London-based private-equity firm picked it out of the wreckage left by the bankruptcy of the Outboard Marine Corp.

2001 Chris-Craft Industries merges into News Corp.; Stephen Julius and Stephen Heese take over the Chris-Craft boat business.

2002

2002 -- Chris-Craft unveils plans for two cuddy models on the Launch hulls and larger models up to 60 feet.

2003

2003 Chris-Craft Corporation is making 600 boats a year; sales are about $30 million.

2004

2004 -- Chris-Craft celebrates its 130th anniversary.

According to the Sarasota Herald-Tribune, the company was on its way to posting revenues of $40 million for 2004.

2006

Eventually the brand was purchased and resurrected with 4 new models being released in 2006 at the Miami International Boat show.

2010

Scott joined Chris-Craft in October 2010.

2013

Allison Scharnow joined Chris-Craft in the summer of 2013.

2014

Matt McGinnis joined the Chris-Craft team in late 2014 as Vice President of Manufacturing.

Atlético holds on to win 1st Spanish league title since 2014 Atlético Madrid survived a dramatic final round to clinch its first Spanish league title since 2014 with a 2-1 come-from-behind win at Valladolid on Saturday.

2016

One of the goals the Winnebago board of directors gave Happe when he was brought in to lead the company in January 2016 after 20 years with the Toro Co. was diversification.

Gavan Hunt joined Chris-Craft as Vice President of Sales in the summer of 2016.

2018

While no longer a family affair - the company purchased by Winnebago in 2018 and still offers beautifully designed modern boats with styles that hint back at the companies golden age.

The California Consumer Privacy Act of 2018 ("CCPA") gives you the right to opt-out of the sale of your personal information, which includes sharing information via third-party cookies.

Kathy joined Chris-Craft in 2018 with vast manufacturing and recruitment experiences.

2019

Aaron joined the team in early 2019 as Vice President of Materials.

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Founded
1874
Company founded
Headquarters
Sarasota, FL
Company headquarter
Founders
Stephen Julius
Company founders
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Winnebago Industries1958$3.0B2,85035
Thor Industries1980$10.0B22,50048
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Grady-White Boats1959$27.0M350-
Cobalt Boats1968$35.0M375-

Chris-Craft history FAQs

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Chris-Craft may also be known as or be related to Chris Craft, Chris-Craft, Chris-Craft Corp., Chris-Craft Corporation and Chris-craft Corporation.