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BASE Surfboard Manufacturer Goes Under

BASE made Mike Fanning's boards, as well as other surf ledgends like Stephanie Gilmore. Photo: Scott Fletcher

BASE made Mick Fanning's boards, as well as other surf legends like Stephanie Gilmore. Photo: Scott Fletcher

According to reports, BASE, the Gold Coast surfboard-manufacturer has unfortunately not survived a lasting attempt to revitalize the iconic company. BASE was reported to be AUS$3 million in debt after a hopeful attempt to gather new investors failed. BASE owed close to AUS$1 million in tax debt to the Australian government.

BASE was one of the market leaders in surfboard manufacturing in Australia, if not the world. The company, founded in 2003, was comprised of famous shapers: Simon Anderson, Darren Handley, Murray Bourton, and up-and-coming shaper, Luke Short. The skill level of BASE’s shapers have arguably produced some of the best boards in the world. With Mick Fanning, and Stephanie Gilmore riding BASE boards, the technicality of design was truly iconic.

BASE proudly “combated Chinese imports,” according to the company website, to produce affordable, quality, performance-focused surfboards that distributed throughout the world.  The company was seen as recently as last September at the 2010 Surf Expo.

Sadly, close to 30 jobs will be lost, and all assets will be sold once the company officially closes its doors.

Stay tuned to TransWorld Business for more information on this unfolding story.

For the origination of this story, visit the source on GoldCoast.com.