Phoenix Boats announced plans to purchase a new facility and will be expanding it to increase production.
“Sales have continued to outpace our production capabilities,” company president Gary Clouse said in a statement. ”We are purchasing a 75,000-square-foot building on 10 acres in Winchester, Tenn., and will be renovating it to our specifications for a new state-of-the-art production facility, as well as adding a new office building. We are anticipating the renovation and construction to be complete by the summer of 2012.”
Clouse said the company produces five boat models and plans to increase the lineup.
“The boat market is showing signs of recovery,” he added. “It will continue to grow slowly, and we are positioned to grow with it.”