Swedish sailboat producer Sweden Yachts has gone bankrupt, according to reports in today’s Bohusläningen newspaper. The company, which underwent a reorganisation in the autumn of 2008, employed some 60 people, according to IBI magazine.

Founded by Sven Enoch in 1976 with the launch of America’s Cup yacht Sverige, Sweden Yachts has faced financial problems several times over the years. Today the company focuses on high-performance custom yachts from 12m-24m (40ft-80ft).

Sweden Yachts yard is located in Stenungsund on the Swedish west coast, where it produces 25-30 yachts per year.