builds high performance fiberglass monohull sloop-rigged sailboats. The company was founded in 1969 by a joint venture among several companies and design teams. Two Canadian sailors, George Cuthbertson and George Cassian, formed the design group Cuthbertson and Cassian in 1961. They started by designing a small number of steel and wood boats; Cuthbertson drew the preliminary lines, and Cassian designed the interiors. In 1965, Canadian yachtsman Perry Connoll commissioned Cuthbertson and Cassian to design a custom 40-foot racing sloop. The boat, named Red Jacket, is considered to be the first sailboat engineered with a cored hull and was launched in May 1966. C&C designs gained notoriety and production of their boats skyrocketed. By the early 1980s, C&C was at the forefront of the sailing industry, from both sailing performance and business success. However, rising costs and a shrinking market caused the closure of many boat manufacturers, and by the mid 1990s, C&C was no longer viable. It changed hands several times and finally experienced a fire that destroyed molds and facilities. In 1997, Fairport Yachts assumed control of C&C. In September of 2013, US Watercraft announced that it had bought the rights to the C&C brand, and would take over manufacturing of all new C&C models starting in the fall of 2013.