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Ray Handy and several other former employees of Pearson Yachts continued building the Pearson Alberg 30, after Pearson ordered the molds destroyed. The employees kept the molds and kept making the Albergs. They eventually formed Ericson Yachts in Costa Mesa, CA in the early '60's. Among the early team members were Jules Marshall, Kurt Densmore, and Bruce King with Don and Gene Kohlmann joining around 1964. The first Ericson boats were the 26 and the 30, and both began production in 1966.

The Pearson-Alberg 35 became the Ericson-Alberg 35. With the addition of Bruce King, other Ericson Sailboats became available in various lengths and designs. Designer Bruce P. King had a long and successful relationship with Ericson Yachts, starting with the Ericson 23, 30, 32 and 41 of the late 1960s.

A circa 1967 advertisement describes Ericson as a division of H&J Products, Inc. In 1971, the company was bought by CML Group, which was founded in 1969 by Charles M. Leighton and G. Robert Tod, the company name formed by Leighton's initials.

With the exception of a few forays into the cruising market with the clipper-bowed Cruising 31 and the Cruising 36 (both models later called Independence), the Ericson formula produced a well-finished cruiser-racer with good sailing characteristics.

The business entered into Chapter 11 bankruptcy in the mid 1980s. CML sold off Ericson Yachts. CML's executives had decided that the yacht business was too cyclical to provide steady profitability.

Gene Kohlmann regained control of the company in 1984 and ran it with Don Kohlmann until 1990, when Don Kohlmann joined Pacific Seacraft and brought with him the molds for the Ericson 32-3/333, 34/350 and 38/380. Production of the latter two boats resumed in 1991, and in 1998 the Ericson 333 appeared for a short run. After Ericson became part of Pacific Seacraft in 1990, some Ericson designs were produced from 1990 to 1999, notably the Ericson 350 and Ericson 380.

Pacific Seacraft itself was purchased by Southern Californian businessman Jeffrey Emery in September 1998.

Ericson sailboats are enthusiastically still being sailed today.