Dehler Yachts, Germany’s third-largest boatbuilder, went into administration today, according to our sister magazine Practical Boat Owner.

A recent bank guarantee by the government of the state of North Rhine-Westfalia did not succeed in preventing the company from going under.

Workers at the factory, located in Meschede-Freienohl (Sauerland, Germany), were informed of the situation today by CEO Wilan van den Berg. Dehler has been building sailing yachts, popular with British boat owners, for more than 40 years.