The new owner of Bavaria Yachtbau plans to double the company’s Nautitech Catamarans production facilities in France. CMP German Opportunity Fund III, which rescued the German sailboat builder from bankruptcy last September, said in a statement that it met recently with local officials in Rochefort, France, to discuss the plans.
“Between the expansion project, encouraging economic perspectives and willingness to recruit in the region, prospects are good for this expert in multihulls,” said the statement.
CMP kept the 250 workers at its French facility and 550 workers at Bavaria Yachtbau in Germany following its acquisition of the two facilities.
Bavaria said the catamaran subsidiary built 75 vessels this year, and has received almost 30 orders for new boats since the Cannes boat show in September.
“After a period of three years of very strong growth and staffing from 50 to more than 250 people under contract, today we have to maximize and rationalize our current production capabilities as well as preparing for our future,” said Gildas Le Masson, general manager, referring to immediate plans to recruit 30 new workers and long-term plans to double production space.
CMP says Bavaria could build up to 100 catamarans per year in its current 75,500-sq. ft. facility. It plans to locally for more production space to possibly build larger vessels.
“Bavaria gives us legitimacy to create the Nautical-Naval Cluster of New Aquitaine with our partners,” said Herve Blanche, mayor of Rochefort in the statement. “It is a project that will add to the economic dynamics of our area.”