Powerboat manufacturer invests $75 million to expand production in Tennessee

Oct. 12, 2023
The new facility will expand Malibu Boats’ production and manufacturing capabilities of Cobalt boats.

Malibu Boats has announced plans to expand manufacturing operations in Lenoir City, Tennessee. The powerboat manufacturer will invest $75 million into the project, generating 770 new jobs in the process. The new facility will expand Malibu Boats’ production and manufacturing capabilities of Cobalt boats.

In a recent quote, Jack Springer, CEO, Malibu Boats, Inc., said, “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.”



Investing in American Manufacturing - 2023

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