The shareholders of Pinmar and Rolling Stock have formed a new multi-strategy company, Global Yachting Group.
Rolling Stock Chandlery and Pinmar Supply will merge and trade under the name of Pinmar Supply. Yacht Covering Systems and Techno Craft will merge and trade under the name of Techno Craft.
Global Yachting Group will have international service capability, including real estate interests in refit facilities, yacht finishing, supply (retail and distribution), scaffolding and covering, blasting and surface treatment, concierge and advisory services.
“I believe this is one of the most important joint ventures in our industry to date. It creates a strong infrastructure, with wide geographical coverage, able to deliver a full range of high quality services to the growing yacht market with its varying project sizes and demanding deadlines,” said Remy Millott, Pinmar CEO.
“The beauty of forming this service group is that both of the finishing companies retain their independence but gain enhanced logistical and supply support, allied with greater flexibility and efficiency, to be able to tackle any project anywhere on the globe while not losing focus on our centre of operations in Palma de Mallorca,” said Mark Conyers, Rolling Stock CEO.
“Being aware of cultural and perceived differences between our companies, we felt it important to continue with our individual paint brands to remain loyal to existing clients, while benefiting from the vast experience and best practices of the enlarged group. In addition to our existing services, we will be launching ‘RS Finishing & Refinishing LITE’ – a paint division specifically focused on providing economical refinishing solutions for vessels under 30 metres,” said Rupert Savage, Rolling Stock. For information contact Remy Millott, firstname.lastname@example.org, +34 609 350541; Mark Conyers, email@example.com, +34 617 434745; Rupert Savage, firstname.lastname@example.org, +34 619 863219.