MAL­IBU AC­QUIRES COBALT

Boating - - MAKING WAVES NEWS - — Pete Mc­Don­ald

Mal­ibu Boats, one of the lead­ing builders of tour­na­ment-level tow boats for wa­ter­sports, bought Cobalt Boats, a pre­mier run­about brand, for $130 mil­lion over the sum­mer. While Cobalt is a leader in the stern­drive mar­ket, and ac­cord­ing to pub­lished re­ports, Mal­ibu is hop­ing to use Cobalt’s re­cent ex­pan­sion into of­fer­ing out­board power on some of its mod­els as an op­por­tu­nity to take ad­van­tage of the growth in out­board power — the fastest grow­ing power choice avail­able. Mal­ibu also hopes to use its re­sources to turn Cobalt’s For­ward Drive tow boats into the best stern­drive-pow­ered surf­boats.

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