Made in Italy

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The Viareggio edition of the Italian newspaper La Nazione reported that Ferretti Group and Sanlorenzo formed a joint venture to take over Perini Navi after the Italy-based superyacht builder’s debt structuring plan was rejected last month.

Ferretti and Sanlorenzo launched NewCo to acquire Perini Navi's brands, assets and activities, and help the builder resume production and maintain its current staff.

“Today will be an important day for Italian boating, for Perini Navi's employees and families,” Ferretti Group CEO Alberto Galassi told La Nazione.

“Ferretti Group is constantly searching for excellence and skills that integrate with ours. Often, as in today's case, we find them in Italy,” Galassi said.

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He called the alliance between Ferretti and Sanlorenzo a “beneficial expansion” that will “allow us to seize even more opportunities and successes.”

“I have always looked with great admiration at the business model of this extraordinary brand,” said Sanlorenzo executive chairman Massimo Perotti. “This is a historic alliance for our sector, which I am convinced will have further developments and will be an example for other initiatives aimed at strengthening the leadership of our sector in the world.”

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