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...
Advice for successful refits offered to yacht captains from industry Read more...
M/Y Enigma XK crew, from left to right, bosun Bruno Read more...
It’s boats and more boats in Miami during February with Read more...
By Emma Batchelder Members of the yachting community have gained Read more...
By Dorie Cox A yacht refit often begins as the 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Your email address will not be published.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

Yacht owners, representatives balance refit relationship

Yacht owners, representatives balance refit relationship

By Dorie Cox A yacht refit often begins as the owner’s dream and then grows to a plan that is defined by many factors, including what …

Triton networks with Culinary Convenience

Triton networks with Culinary Convenience

A brisk South Florida evening was the perfect setting for outdoor Triton networking with Culinary Convenience on the third Wednesday in …

Refit18: Show focused on refits grows 28 percent

Refit18: Show focused on refits grows 28 percent

As yachts age and yacht owners personalize them, the refit industry continues to grow. The third annual Refit International Exhibition …

Hot trip on the Hudson highlights perils of procrastination

Hot trip on the Hudson highlights perils of procrastination

By Capt. Bruce Gregory I've made 40-plus offshore passages from 50 miles to 1,500 miles in boats from 8-foot dinghies to 80-foot tugs; …