NauticNews

The Ferretti Goup sells Apreamare

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03/2010-

The deal is an integral part of the Strategic Plan implemented by the Ferretti Group over the last months. The agreement includes the sale of the nautical pole in Torre Annunziata (Naples)

The Ferretti Group signed an agreement to sell 100% of Apreamare S.p.A. to the Aprea and Pollio families, the founders of the historical Sorrento brand. The deal is set to be closed by the end of March 2010.

The sale will include the nautical pole in Torre Annunziata (Naples), which boasts 125,000 m² of total floor space, including 53,000 m² of indoor space, and a private wet dock with about 100 mooring spaces.

This deal will allow the Ferretti Group to continue to pursue the Strategic Plan implemented in recent months with the aim of focusing on its core business.

The Apreamare shipyards have been operating since 1849 in the production and artisan building of the typical Gozzo Sorrentino, reinterpreted in a modern light. Part of the Ferretti Group since 2001, Apreamare’s current products range includes two lines of crafts: the classic line of Gozzo vessels ranging from 28 to 64 feet and the Maestro line of yachts featuring sophisticated, original designs and ranging from 51 to 82 feet.

“I am very pleased that after years of extensive and successful collaboration, Apreamare is being placed back in the hands of its founders, and, specifically, our friends Cataldo Aprea and Antonino Pollio,” said Norberto Ferretti, Chairman and Founder of the Ferretti Group. “The Aprea and Pollio families are able business leaders with the fullest understanding of this brand from having contributed to its creation and growth over all these years. I wish them the best of luck for Apreamare’s future.”

“The sale of this historical brand will allow us to focus even more closely on medium and large yachts and to better satisfy our customers’ needs” commented Salvatore Basile, Chief Executive Officer, Ferretti Group. “Our Group will continue to enjoy a collaborative relationship with Apreamare. In fact, our two companies are in the process of reaching an agreement under which the Apreamare shipyard will remain one of the most important Service operations of the Ferretti Group for the middle and lower Tyrrhenian, an area of great strategic importance.”

The range of Apreamare on NauticNews.com

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