Malibu Boats to expand operations in Lenoir City

Malibu Boats will invest $75 million to expand manufacturing operations in Lenoir City and will create 770 new jobs in the next five years. The company will locate some of its Cobalt boat brand production in an existing facility at the Roane Regional Business and Technology Park.  The Lenoir City location will be the company’s second plant outside of its headquarters in Loudon, Tennessee, and will allow the company to expand production and manufacturing capabilities of Cobalt boats to better meet its growing global customer demand.  Malibu Boats, LLC is a subsidiary of Malibu Boats, Inc. and one of the largest employers in East Tennessee. The company designs, engineers, manufactures, markets, and sells recreational powerboats globally. Founded in 1982, the parent company employs roughly 3,000 people. Production and hiring for its new Cobalt boats facility are anticipated to begin in the first quarter of 2024.