Mallorca by Land, Air and Sea

MARINA BARCELONA 92 TAKES 75% STAKE IN COMPOSITEWORKS

Wednesday, 08 November 2017


 

 

 

La Ciotat, 8 November 2017 – Marina Barcelona 92 (MB92) and Compositeworks (CW) announced today that MB92 has taken a 75 per cent stake in Compositeworks. The remaining 25% will stay in the hands of current shareholders.

Compositeworks will continue under the current management of Benjamin Mennem as president alongside his operational and technical team.

A formal plan was signed the 31st of October in Barcelona, led by the law firm “Gide Loyrette Nouel” (Paris) in collaboration with the law firm “Cuatrecasas” (Barcelona) representing the buyers; and the law firm “Clifford Chance” (Netherlands), representing the sellers.

Thanks to this union, MB92 and CW, also with Blohm+Voss La Ciotat, a shipyard managed by MB92 and located next to Compositeworks, will all work seamlessly together in order to take full advantage of the La Ciotat facilities and to attract high quality projects; further develop the service offering to clients; and to build on the excellent works already being achieved on the Cote d’Azur.

Pepe García-Aubert added that "We believe in the development of La Ciotat as a world class Refit & Repair centre. This is not only due to its location but also the immense industrial possibilities based there. Through working closely with all La Ciotat Shipyard (SEMIDEP), we are absolutely convinced that in just a few years we will achieve one of our main objectives in consolidating La Ciotat as a global reference point for excellence".

"Together, we are now the leading and the largest repair and refit group worldwide. We intend to make sure that using our combined synergies, we can provide an even better service to our clients in both Barcelona and La Ciotat." - concluded Mr Benjamin Mennem, President of Compositeworks.

 

ABOUT COMPOSITEWORKS
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Ideally located in the South of France and now on the Atlantic coast at La Rochelle, Compositeworks is an award-winning shipyard delivering world-class yacht refits and complex rebuilds. Since it’s inception in 1998, CW has delivered over 800 projects, managed refits for over 25% of the world’s megayacht fleet (over 85m) and forged an international reputation for exceptional service, technical knowledge and timely deliveries.
Compositeworks’ international team of over 120 professionals have combined yachting and refit experience of over a thousand years and are totally dedicated to fully satisfying client demands. 
 
For further information, visit www.compositeworks.com
 
Compositeworks Press Contact:
Henrietta Green
hgreen@hedge-hog.fr
Tel: +33 (0)6 60 70 38 21
 

 

ABOUT MB92
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Marina Barcelona 92 (MB92) is a company fully dedicated to the yacht industry that provides service-refit, repair and maintenance works to more than 100 super yachts per year with a length from 35 up to 200 meters. Located in the port of Barcelona, a strategic stop- off point for the yachts on their journey between the Mediterranean and the Caribbean.

At the beginning of 2017, MB92 and Blohm+Voss announced a Joint Venture that allows MB92 to carry out the management of Blohm+Voss La Ciotat SAS. Located in the technical area of the Port Authority of La Ciotat (SEMIDEP), France, the shipyard provides services to superyachts with lengths of more than 50 meters.

MB92 facilities cover a total area of 124,000m2 including:

  • 220-meter dry-dock
  • Syncrolift able to dry dock vessels up to 2,000 tons and 70 meters in length
  • 150 ton Travelift
  • Docking repair quays with capacity to berth 14 yachts up to a maximum of 220 meters in length
  • Hard-standing area for work on up to 6 vessels
  • 4,000 ton Shiplift that will permit the dry-docking of vessels up to 105 meters in length with a hard- standing area with capacity for up to 12 vessels to be completed end of 2018.

 
Blohm+Voss La Ciotat facilities cover a total area of 27,500 m2 including:

  • A 200 m long x 60 m wide dry dock with capacity for 4 yachts at a time
  • Gantry Cranes (250t and 600t crane)

All services and management carried out in both shipyards benefit from 25 years of Marina Barcelona 92 professional experience and knowledge in the industry guaranteeing the highest level of quality (ISO 9001, ISO 14001, ISPS).

  • 4,000 ton Shiplift that will permit the dry-docking of vessels up to 105 meters in length with a hard- standing area with capacity for up to 12 vessels to be completed end of 2018.
  • 8 buildings covering a constructed surface area of 15,200m2, providing space for around 45 independent subcontractors to develop and work on services in the shipyard.

 
For further information about MB92, visit
www.mb92.com

MB92 Press Contact:    
Júlia Quintana
Communications & Marketing Manager
communication@mb92.com
Tel: +34 93 224 02 24

Last Updated ( Wednesday, 08 November 2017 )