Ferretti Group
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| Società per Azioni | |
| Industry | Yachtbuilding |
| Founded | 1968 (Bologna) |
| Founder | Alessandro and Norberto Ferretti |
| Headquarters | Forlì, Italy |
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Area served
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Worldwide |
| Products | Yachts |
| Revenue | €500 million (2010) |
| Owner | Weichai Group |
| Subsidiaries | view all subsidiaries |
| Website | www.ferrettigroup.com |
Ferretti S.p.A. (trading as Ferretti Group) is an Italian multinational shipbuilding company headquartered in Forlì which specialises in the design, construction and sale of luxury motor yachts. Its products are sold under the brands Ferretti Yachts, Custom Line, Pershing, Itama, Riva, Mochi Craft and CRN.
Ferretti was founded in 1968 by Alessandro and Norberto Ferretti as a manufacturer of small boats and produced its first motor sailer in 1971. Ferretti expanded through making numerous acquisitions, including of Cantieri Navali dell’Adriatico – CNA S.r.l. in 1998, C.R.N. S.p.A., in 1999, Riva S.p.A in 2000, Cantiere Navale Mario Moriniand in 2002, Itama in 2004, and Allied Marine in 2008. Ferretti was acquired by the Chinese multinational heavy machinery and automotive manufacturing company Weichai Group in 2012.
Ferretti has manufacturing operations in Italy and the United States. It has subsidiary companies in the United States (Ferretti Group North America), Brazil (Ferretti Group Brazil, based in São Paulo) and a representative branch in Shanghai.
The company was founded in 1968 by Alessandro and Norberto Ferretti and produced its first motor sailer in 1971. During the 1980s, the two brothers decided to specialize in the production of luxury motoryachts. They established a new unit in Forlì, which today houses the company headquarters.
In the early 1990s, Ferretti started an internationalisation process. In 1993, Ferretti of America, Inc. was founded to market motoryachts in the USA, Canada, Mexico, Venezuela and the Caribbean. Ferretti of America liaised with the sales network that was already present in Greece, France, Spain, Germany and Great Britain, increasing the impact of Ferretti sales abroad.
In 1994, Ferretti began an international marketing process by creating a strategic network of dealers outside Europe.
During the second half of the 1990s, after institutional investors acquired a share in the capital, an expansion strategy for external lines was started through the acquisition of companies producing luxury motoryachts.
In 1996, Ferretti began operating in the segment of yachts with fibreglass flybridges, measuring 28 to 40 metres in length, through Custom Line S.p.A.
In 1998, the group purchased Cantieri Navali dell’Adriatico – CNA S.r.l., which specialized in building open type motor boats with the prestigious Pershing brand.
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