Cavalier Yachts
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Cavalier Yachts was created as a partnership between Peter K. Smith[1][2] and John Salthouse, trading as Salthouse Custom Glass Boats Ltd, later renamed to Custom Glass Boats Ltd. The company initially produced the successful Cavalier 32 as well as the Coronet Trailer Sailer and the Corsair 36 launch.
Salthouse and Smith amicably parted company, with Smith taking control of the Cavalier Yachts half of the business.[3] Smith introduced two new partners, Pat Sullivan as administrator and accountant, and Grant Bennet as floor and production manager.
At its peak, Cavalier Yachts had eleven designs in simultaneous production, and was the largest production boat builder in Australasia. Under pressure from the New Zealand government, a sophisticated fibreglass production unit was developed in Glenfield, Auckland, to meet the new health and safety regulations for fiberglass construction.
In 1979, Prime Minister Rob Muldoon introduced a sudden 20% sales tax surcharge to the New Zealand boat-building industry[4] which priced Cavalier out of the international market, leading to cancelled orders and precipitating the collapse of the business.
A receiver was appointed and successfully traded the company out, repaying all of its debts. The business was then purchased by Jim Lawry, who formed Export Yachts Ltd, believing that export was the future for the company, and a number of Cavalier 39s were sent to Australia and the United States.