Founder buys back Turkish boatbuilder - Trade Only Today

Founder buys back Turkish boatbuilder

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The founder and former owner of Istanbul, Turkey-based Numarine Performance Yachts is once again taking the helm.

Founder Omer Malaz hopes to expand the brand, with yachts ranging from 55 to 130 feet, into emerging markets, such as South America, Lebanon and Hong Kong.

A joint venture with Abraaj Capital Group in 2008 helped Numarine survive the recession, Malaz said in a statement.

Numarine is again cooperating with yacht designers Tommasso Spadolini, Can Yalman and Umberto Tagliavini.

Numarine plans to unveil new product at the Miami and Fort Lauderdale boat shows.