A Tennessee composite boat maker sees smooth seas ahead and is planning a $23.1 million expansion.
Ebbtide Holdings LLC, which does business as TN Composites, will also create 132 jobs at its White Bluff facility over a five-year period, according to a news release from Tennessee Gov. Bill Lee and economic development leaders.
The company opened in 2018 and was acquired by Ontario-based Limestone Boat Co. Ltd. in 2021. The company says that it will increase its manufacturing capabilities by reconfiguring existing space, integrating new technology and building on its research and development capabilities.
Once the work is done, TN Composites will be able to turn out an estimated 14 boats per week by early 2025. The company makes boats for the brands Aquasport, Limestone and Boca Bay Boats.