- The Limestone Boat Company (BOAT) has announced expansion plans for its Tennessee manufacturing facility, creating more than 130 new full-time jobs
- The company expects to invest $23.1 million over the next three to five years to transform its existing manufacturing capabilities
- Phase one will be focused on the existing facility and labor force
- Phase two will see the company further build out its manufacturing campus footprint, both through the expansion of its current facility, and the construction of a new building
- The Limestone Boat Company Limited is the builder of the Limestone, Aquasport and Boca Bay brands
- The Limestone Boat Company (BOAT) opened trading at C$0.08 per share
The Limestone Boat Company (BOAT) has announced expansion plans for its Tennessee manufacturing facility.
This expansion will increase the company’s production capacity and create more than 130 new full-time jobs.
The company expects to invest $23.1 million over the next three to five years to transform its existing manufacturing capabilities by expanding its production space, integrating additional technology, expanding its research and development resources and optimizing its manufacturing process flow.
Phase one will be focused on the existing facility and labor force; expanding the use of technology, integrating Light Resin Transfer Molding and vacuum infusion processes, and reallocating space for the commencement of big boat production.
Phase two will see the company further build out its manufacturing campus footprint, both through the expansion of its current facility, and the construction of a new building that will house its administration and research and development teams.
Chief Executive Officer, Scott Hanson, commented on the expansion.
“Our commitment is an investment in a relationship with the White Bluff and Dickson County communities that has existed for generations. We’re proud to state that we will continue to establish the Limestone Boat Company as the leading employer of choice for a highly skilled workforce in a growing and recognized boat manufacturing region of the U.S. By investing in our people, facilities and technologies to create a pleasant, modern work environment, we will enhance growth opportunities for our employees and the company as a whole.”
Tennessee Governor Bill Lee said,
“Our strong business climate and skilled workforce make Tennessee the ideal location for TN Composites to thrive. I commend this company’s decision to create more than 130 new manufacturing jobs in Dickson County and look forward to their continued success.”
Limestone Boat Company Chairman Telfer Hanson added,
“We continue to have a healthy backlog for our brands and believe this to be a strong indication that the long-term growth trends in the marine industry remain resilient,” said “The expansion of our facility and workforce is a long-term strategic priority that will allow us to increase our volumes and provide big water boats of the highest quality to our growing customer base for years to come.”
The Limestone Boat Company Limited is the builder of the Limestone, Aquasport and Boca Bay brands.
The Limestone Boat Company (BOAT) opened trading at C$0.08 per share.
