World’s Largest Boat Manufacturer Acquires North Carolina Yacht Maker, Plans 500 New Jobs – ThomasNet News

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The world’s largest boat manufacturer plans to add 500 new jobs at a factory in North Carolina after acquiring a maker of yachts and sport fishing boats, state officials announced.White River Marine Group (WRMG), an affiliate of outdoor retail giant Bass Pro Shops, plans a “significant investment” in Hatteras Yachts’ facility in New Bern, North Carolina, which will become the company’s new hub for the production of saltwater boats.The company said it will support and grow the Hatteras brand — which will join a WRMG portfolio including Tracker fishing boats and Ascend kayaks — as well as shift manufacturing of Mako and Ranger saltwater boats from Missouri to an upgraded, “state-of-the-art” New Bern facility.“With Hatteras’ rich heritage of craftsmanship and access to some of the world’s best offshore angling, our aim is to help solidify New Bern as the world’s capital for saltwater gamefish and boat building,” Bass Pro and WRMG founder Johnny Morris said in the announcement. “We love the passion for fishing and commitment to craftsmanship found in New Bern.”The company is eligible for more than $5.4 million in reimbursement under a 12-year state Job Development Investment Grant, provided it meets hiring and investment goals. The AP reported that the project would require a $34 million investment from the company; the 500 new positions are slated to be added by 2025.

Image Credit: Hatteras Yachts’ Facebook Page
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