Whittaker sold three of its yacht businesses.

Narrowing its scope to health care, technical products and specialty chemicals, Los Angeles-based Whittaker Corp. sold, for more than $65 million in cash, its Bertram Yacht and Trojan Yacht divisions and Riva boat subsidiary, as announced last Dec. 24. Sale of Whittaker’s Kettenburg Marine division to Kettenburg Marine Corp., San Diego, was deferred, however, pending receipt of necessary government approvals. The marine units generated $110 million in sales last year. Whittaker retains an equity stake in each of the two newly formed companies acquiring the units, along with Arabian Investment Banking. Minority equity positions in Bertram-Trojan Inc. of Miami were issued to key executives who will remain with the new firm.