In 1966 the Hawboldt company was sold to Fred Porter Jr. Operating under the name of Hawboldt Industries Ltd., the company flourished, in large part due to continued growth in the fishing industry. Products for the fishery included shellfish handling equipment, trawl winches, monofilament reels and marine propellers.
Hawboldt Industries was going strong until the unimaginable happened. The Atlantic cod fishery collapsed in the 1980’s and strict quotas were imposed on several important groundfish species. A moratorium on cod fishing (1982) had serious repercussions for the marine services industry. Many companies, including Hawboldt’s, were in trouble.
Through the 1980s ownership changed four times and six different General Managers tried to keep the company in business through some very tough times. The turnaround occurred in 1989 when John Risley, Carl Potter, and Hugh Smith purchased the company from receivership. Operating as Hawboldt Industries (1989) Ltd., they developed a range of new products and became a global exporter of equipment for oceanographic research vessels and for the offshore oil and gas industry.
Chester Municipal Heritage Society