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Folbot News Room


PaddleSports Business

3/1/2008
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Two new owners acquired Charleston, S.C.-based Folbot, Inc., which manufactures folding kayaks and accessories. The new owners, president and CEO David AvRutick and chairman Tony Mark, assumed control of the company in September and hope to grow the company’s market share and expand its six-model line.

AvRutick was founding president of the American College of the Building Arts, and has been a leader in book publishing and other businesses. Mark has been a leading executive at publicly traded technology firms, Avid Technology and Centra Software.

Long-time Folbot owner and president Phil Cotton will stay on as chief designer. “My partners and I bought Folbot in 1983 because I loved the product, and I admired its design,” Cotton said. “Thanks to our new owners, I can focus my attention fully on our product, and let other, very capable, individuals handle the day-to-day business and long-term strategy.”

The Folbot brand launched nearly 75 years ago in England and has been located in Charleston since 1955.

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