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Ferretti/Sanlorenzo JV to rescue Perini Navi

by Ferretti Group/Sanlorenzo 16 Feb 02:33 PST
The fleet on day 1 of the Perini Navi Cup © Perini Navi / Borlenghi

Ferretti Group and Sanlorenzo have announced the creation of a 50:50 Joint Venture to take over Perini Navi, declared bankrupt last month.

Ferretti Group and Sanlorenzo, both respected Italian yacht builders, have expressed their interest in acquiring the trademarks, assets and operations of Perini Navi in order to ensure the swift recovery of production activities and the maintenance of employment levels.

"This is an important day for the Italian yachting industry, for the employees of Perini Navi and for their families, ensuring in this way that their passion, experience and unique skills will continue to be protected. As will the Perini Navi supply chain, which is made up of numerous suppliers who will be reassured and whose peace of mind will be restored by today's safeguards," said Ferretti Group CEO Alberto Galassi. "We are confident that our commitment will translate into further growth that benefits the local area and further raises the profile of the Italian yacht industry. Our alliance with Sanlorenzo is a reflection of the new spirit of collaboration sweeping through Italy: a positive broadening of our horizons that will let us seize even more opportunities and deliver even more success."

"I began my professional career in the yacht industry in Viareggio, in the same place and year in which Perini Navi was starting life a short distance away," said Sanlorenzo Executive Chairman Massimo Perotti, "building boats with outstanding qualities, exclusively 'to order', for a limited number of owners and connoisseurs. In the interests of the local area, all stakeholders and first and foremost employees and suppliers, I have from the outset confirmed the willingness of Sanlorenzo to contribute to the brand's relaunch. Today I am pleased to be able to do so jointly with Ferretti Group. It is an alliance of importance for our industry, one which I am convinced will continue to develop and set an example for other initiatives aimed at strengthening Italy's world leadership in this sector."

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