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Egg Harbor Yachts have been manufactured in Egg Harbor City since 1946. According to Brooks, some of the boats that show up at the annual Rendezvous are classics from the 1960s and '70s, but many are also newer models. The oldest boat owned by a member of the EHOA is a 1949, 28-foot Egg Harbor Yacht that is moored in Vermillion, Ohio, on Lake Erie. The Egg Harbor Yacht Company, Inc. has a storied history. It was established by local boatbuilders Russel Post, Phil Boyd, Harold Care and C.P. Leek as the Egg Harbor Boat Company in 1946. It merged with Pacemaker Yachts in 1950 and became the largest manufacturer of pleasure boats in the country in the '60s. Throughout the '70s, and '80s, the company was subjected to several mergers and ownership changes. Due to factors such as an economic recession, a new luxury-goods tax and overbuilding by the yachting industry, Egg Harbor Yachts filed for Chapter 11 bankruptcy in 1990. In 1997, it ceased operations completely. Ira Trocki, a plastic surgeon, real-estate developer and entrepreneur, purchased the assets of the company in 1999 and invested more than $10 million in its revival.