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The acquisition of ShoreTrips was the third of a shore excursion company by the Hornblower Group. Photo Credit: VGstockstudio/Shutterstock.com
Hornblower Group has finalized its purchase of the failed cruise excursion seller ShoreTrips and will revive the company under the same name with "support" from its founders, Barry and Julie Karp, the company announced on Wednesday.
Hornblower last month won a court-monitored bid to buy ShoreTrips' assets for $1.8 million, free and clear of all responsibility for debts that included nearly $5 million in customer payments for canceled trips.
The Milwaukee-based company was put up for sale after the Karps last year filed for receivership under the Wisconsin state alternative to federal bankruptcy protection.