New Bern Boat Building Company Confirms Buy-Out In The Works

A company that has systematically been cutting back on its New Bern workforce says a plan is in the works for a formal buy-out.

Hatteras/CABO Yachts in New Bern says it will be bought by Navis HCY Acquisition.

In June, the company said it would be letting go of 25% of it's workforce at the plant on Glenburnie Road.

In January, Hatteras said 105 workers were laid off from the boat building company; 75 of those jobs were full-time positions.

Brunswick Corporation said the move in January was to adjust to market conditions as the company was looking to invest more resources in its Sea Ray and Meridian brands.