Hatteras, Cabo consolidation is on track

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The president of Hatteras and Cabo Yachts said the consolidation of the manufacturing operations of the two boat brands at the New Bern, N.C., plant is still on track.

Jim Meyer, president and CEO of Hatteras and Cabo, said many of the 85 to 90 additional hires that were expected by the end of the year have been made.

Many of those workers came from the local area. Only a few workers relocated from the Cabo plant in Adelanto, Calif., he told the Sun Journal (New Bern, N.C.) newspaper.

The hires follow the summer announcement that the company planned to close the Cabo plant by the end of the year and move those operations to New Bern, adding 350 jobs over five years and investing $4.7 million.

State and local government leaders offered financial incentives to the company if it could meet performance milestones associated with the move.

The company has shipped its first new Cabo line boat out of the New Bern location already, he said, and is launching new products that he said "are all being received very promisingly."

"We remain very thankful that we have a very strong financial condition, and we have a lot of great new models coming out - and all of that helps," Meyer told the newspaper.

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