The Triton

Where in the World

MB92 to acquire Compositeworks

ADVERTISEMENT

Compositeworks, a refit and repair facility on the French Mediterranean coast, and Marina Barcelona 92 (MB92) have submitted detailed plans to combine the two organizations by the end of the year. Under the plans, MB92 will take a majority stake in Compositeworks, whose management will remain unchanged.

“This is a big day for Compositeworks,” Ben Mennem, president and co-founder of Compositeworks, stated in a company press release. “I strongly believe this arrangement provides a platform from which the two companies can lead this growing industry.”

Established in 1992 in Barcelona, MB92 is a megayacht refit and repair company in which majority shares are owned by Amsterdam-based D-Marine Investments Holding B.V., a subsidiary of Dogus Group, one of the top three largest private-sector conglomerates in Turkey.

“We have been looking to expand our operations outside of Barcelona, and Compositeworks represents the ideal partner to strengthen our policy of excellence and efficiency of our services,” MB92 Managing Director Pepe García-Aubert stated.

On Sept. 28, the day after that news was released, its founder and president, Jorge Ventosa Gari, died following a serious illness, the shipyard announced.

Related Posts...
The head of Waters Club Holdings Inc., a member-based yacht Read more...
The Newport Charter Yacht Show, which features luxury sailing and Read more...
A group of residents gathered at Molokai harbor recently to Read more...
Foreign trade zone offers new options for foreign-flagged yachts By Read more...
By Dorie Cox Wednesday worked. For as long as most Read more...

Share This Post

Leave a comment

Your email address will not be published. Required fields are marked *

Please answer the question below to leave a comment. * Time limit is exhausted. Please reload CAPTCHA.

Editor’s Picks

Fort Pierce finalizes port land purchase for refit facility

Fort Pierce finalizes port land purchase for refit facility

By Dorie Cox County commissioners in St. Lucie County, Florida, gave final approval Dec. 12 to buying 12 acres of land in the Port of …

Crew Coach: How well a job interview goes could depend on 4 key aspects

Crew Coach: How well a job interview goes could depend on 4 key aspects

Crew Coach: by Capt. Rob Gannon Recently I saw an ad for a television program that shows job interviews. I haven’t watched it, and …

Antigua17: Chefs contest brings crew closer

Antigua17: Chefs contest brings crew closer

Chefs on Adiamo, Sarissa and Vigilant I take top honors at Antigua By Dorie Cox Competing in the Concours de Chef is fierce and …

Eng. James “Jimmy” Cascella dies after motorcycle accident

Eng. James “Jimmy” Cascella dies after motorcycle accident

By Dorie Cox Eng. James "Jimmy" Cascella died Dec. 7 from injuries sustained in an accident on Interstate 95 at Hollywood Boulevard in …