PxPixel
Consolidation of Hatteras, Cabo production set to begin - Trade Only Today

Consolidation of Hatteras, Cabo production set to begin

Author:
Publish date:

Jim Meyer, president and CEO of Hatteras and Cabo yachts, said the two boat brands will be produced in smaller quantities going forward, but manufactured more efficiently.

In an interview with local media in North Carolina, Meyer, 49, said the Cabo plant in California is expected to close by the end of the year and that both Brunswick lines will be manufactured at the plant in New Bern, N.C.

Meyer expects that the change will create a "very, very full factory" at the plant as the market returns, although he does not expect a return to peak levels.

"The entire world, unfortunately, has changed in marine over the last few years," he told the Sun Journal newspaper. "The industry has gone through a substantial reduction in size."

In better economic times, he said, the company produced as many as 75 Hatteras yachts and 125 Cabo yachts a year. Going forward, he said, the New Bern plant will be manufacturing about 50 Hatteras brand yachts and 100 on the Cabo side per year.

"For us to design a business that assumes that it comes back to the best it was in the past, I think that would be a terrible risk on our part," he told the newspaper.

Meyer said the company has started a refit business so customers can bring back their yachts to have work done and has invested heavily in new products.

Click here for the full article.

Related

New boat sales relatively flat in June

New boat sales in June grew marginally, with a 1.1 percent rise in the main powerboat categories and just 0.2 percent growth overall, according to preliminary data from Statistical Surveys Inc., a Michigan firm that tracks registrations.

Mazu releases new sportfishing app

Technology and satellite communications company Mazu has launched a sportfishing app that seeks to give anglers weather and sea state information, and provide powerful communications capabilities via satellite.