The owners of a legendary local sailboat manufacturer, W.D. Shock Corp., have sold their family business.
Tom and Jane Shock sold the 65-year-old company founded by Tom's father in Newport Beach.
The sale marks an end of a respectable run in the sailboat manufacturing business, which used to have many companies in the Newport-Mesa area.
Shock produces Lido 14 sailboats, one of the most popular models here since the 1960s. It also makes Harbor 20s and other the Harbor models that are very popular with Newport sailors today.
"We're rolling positive and we're on the growth side," said Tom Shock, 66. "It just seemed like a good time."
The buyer, Alexander Vucelic von Raduboj, was the chief operating operator of an electric motor manufacturer in Minnesota and has been sailing for much of his life, Shock said. The first boat Vucelic sailed was an 8-foot Naples Sabot built by W.D. Shock.