Alberto Galassi, CEO, Ferretti Group

Ferretti Group has acquired the majority stake in Massello S.r.l and Fratelli Canalicchio S.p.A, two companies that are part of its supply chain.

Il Massello is based in Fano, close to several of Ferretti Group’s Adriatic coast facilities, and specialises in wooden nautical furnishings, recently launching an innovative onboard assembly service. Canalicchio is based in Narni, north of Rome, and specialises in static exteriors and automatic kinetic systems for yachts.

The two transactions are aimed at improving overall profitability and gaining even more control over the production and procurement phases for Ferretti Group. As of 2021, the combined revenues of the two companies amounted to about €13 million, but Ferretti Group believes the two companies could generate sales of around €30 million by 2025.

Alberto Galassi, CEO of Ferretti Group, said: “We have finalised these two transactions because the acquisition of control of a strategic supplier ensures stability and reliability, improves industrial performance and insourcing of expertise. We are confident that the upstream integration will allow us to express even more quality and optimise costs and time.”

www.ferrettigroupasiapacific.com