Netherlands. Formula Yacht Spars & Green Marine announce formation of a joint company at METS Print E-mail
Tuesday, 14 November 2006
Company news:

Formula Yacht Spars and Green Marine of Lymington and Southampton UK have today announced the formation of a joint company. The new company will manage the combined activities of Formula Yacht Spars and Green Marine, producing one of the most technically advanced composite companies in Europe.

The company will offer a total package and some of the most integrated thinking in yacht building and performance. Services and products include the design and build of cruising and racing yachts and the latest technology in spars, which range from aluminium cruising masts to America's Cup state-of-the-art carbon masts, boom and poles.

Following the exciting announcement at METS 2006 today, Mark Merritt, Managing Director of the Formula Group said; "The companies have been working together over the last two years to develop this opportunity, which brings together the skills and facilities of the two market leaders in our respective marine activities and an exceptional team of experts in the industry."

Both Formula and Green Marine have extensive experience in both the quality cruising yacht and high performance yacht markets, including the America's Cup and the Volvo Ocean Race.

Mark continues; "We are extremely excited about the opportunities that this partnership offers us. We can now pursue our acquisition of a dedicated marine site in the south of the UK to house the partnership."

The management teams at both Formula and Green Marine will integrate within the newly formed Formula Group, which comprises of the marine companies; Formula Racing, Formula Custom Spars, Formula Production Spars, Formula Development, Formula Technical Services and the non marine sector company of Formula/Green Structures. Also included in the Group are Green Marine's Custom racing yachts, Lifeboats-new build, Lifeboats-refit, Fast Cruising and the CNC facility.
Last Updated ( Tuesday, 14 November 2006 )
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