Supreme Boats celebrated the groundbreaking of a new 18,000-square-foot expansion at its facility in Merced, Calif. The company said the $2 million investment is designed to keep pace with the prolonged growth it has experienced in the last five years.
Since Correct Craft purchased the company in 2015, Supreme has increased employment by 20 percent; from July 2018 to July 2019 the company saw a 34 percent increase in retail sales.
Guests from the City of Merced Department of Economic Development, director Frank Quintero and development associate Maria Mendoza presented Supreme Boats president Paul Singer with a Certificate of Recognition for the expansion. Correct Craft CEO Bill Yeargin and Watershed Innovation president Sean Marrero also attended the event.
“It is very exciting to see the tremendous growth that both the Centurion and Supreme brands have experienced in the past three years,” said Yeargin in a statement. “This expansion will allow them to continue to grow in the years ahead. Paul Singer and his team have done an amazing job transforming Centurion and Supreme and we are thrilled to invest in them with this expansion.”
“It’s great to see this exhilarating next step in our journey come into focus,” said Singer. “Our team’s commitment to service has helped lead us to this success and we aim to keep our focus on making lives better through this expansion and into the future.”