Grand Banks Yachts was launched in 1956 as American Marine Ltd. by founder Robert Newton in Junk Bay, Hong Kong. The company builds yachts from 43 to 76 feet. Grand Banks is publicly traded in Singapore and its U.S. headquarters is in Seattle.
The builder will also consolidate its worldwide production facilities to Malaysia.
The builder saw a “record-breaking” number of sales in its most recent quarter.
Grand Banks Yachts is set to debut the GB60, a 65-foot cruiser that will include Twin Disc BP300 bow and stern thrusters.