Founder buys back Turkish boatbuilder

Author:
Updated:
Original:

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.

Related

Lippert Components Rebrands

The company’s core line of marine, RV and commercial products, including Lewmar and Taylor Made, will be branded as Lippert.

‘A Strong Finish to a Strong Year’

Booming demand for boats continued as the year ended, with the industry posting the highest number of sales since 2007.

Culture Summit 2.0

Correct Craft will gather “organizational culture drivers” for its second summit, which will take place virtually March 3.

Quick Hits: January 22, 2021

B.A.S.S. now taking noms for ‘21 Bassmaster High School All-American Fishing Team and Yacht Sentinel teams with Fountaine Pajot to equip its lineup with connected boat technology.

Teak Isle Expands Operations

The Florida-based manufacturer purchased a 45,000-square-foot facility and two additional CNC routers.

Ensuring Gamefish Stability

Simrad’s support of Gray FishTag Research helps promote the importance of sustainable oceans and fisheries.