Malibu Boats Plans Roane County, Tennessee, Operations
The new facility, located at the Roane Regional Business and Technology Park, will allow the company to expand production capabilities of Cobalt boats.
“At Malibu Boats, Inc., our mission is to create the ultimate on-the-water lifestyle. Our local craftsmen and craftswomen are the driving force behind our operations as they create top-of-the-line boats that enrich our customers’ lives and, in turn, enable our company to thrive. Our history of company vitality speaks for itself, where we’ve undertaken various investments in our manufacturing footprint like this one that have enabled revenue growth and employment opportunities year after year,” noted Jack Springer, CEO, Malibu Boats, Inc.
Malibu Boats, LLC is a subsidiary of Malibu Boats, Inc. designs, engineers, manufactures, markets, and sells recreational powerboats globally.
“Today’s announcement is proof that Tennessee has the right assets in place to support companies like Malibu Boats as they grow and expand. We are fortunate that Malibu Boats will continue to call the Volunteer State home and believe this company’s $75 million investment will transform the East Tennessee region for years to come,” TNECD Commissioner Stuart C. McWhorter noted.
“TVA and Lenoir City Utilities Board congratulate Malibu Boats on its decision to expand operations in Roane County. It’s always an exciting day when we can celebrate a company’s commitment to continued growth in the region. We are proud to partner with the Roane Alliance, Roane County, East Tennessee Economic Development Agency and the Tennessee Department of Economic and Community Development to help support companies, like Malibu Boats, that are creating job opportunities and investment in the region, and we celebrate this announcement together,” added John Bradley, TVA senior vice president of Economic Development.
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