Luxury boat builder Hinckley Yachts announced Tuesday that it had acquired another well-known Maine yacht builder.

Morris Yachts became part of The Hinckley Co. on Jan. 1, according to a brief statement posted on Hinckley’s website. The company plans to continue operating Morris’ boat-building and service operations in Trenton under the name Morris Yachts LLC.

“Both companies build fine quality yachts within a quarter-mile of each other in Trenton, Maine, and with the new arrangement about 380 craftsmen, engineers and technicians will provide a deep pool of talent for the building of world-class yachts,” the statement said. The company said owners of Morris boats will be able to bring their vessels to Hinckley service yards, located in five states on the eastern seaboard.

The two companies both build high-end sailboats, and Hinckley also offers a line of luxury power boats. Morris Yachts has been in business since 1972 and Hinckley began production in Southwest Harbor in 1928.

No other information on the acquisition was available Tuesday afternoon.