The shareholders of Pinmar and Rolling Stock have formed a new multi strategy company for the superyacht industry called Global Yachting Group.
The creation of the Global Yachting Group will strengthen and support these two highly regarded companies and their subsidiaries, which will continue to trade independently, with the exception of scaffolding and supply. The remaining group companies will retain their individual status, boards, management and brands to ensure they continue to offer their clients the continuity and personal service to which they are accustomed.
Rolling Stock Chandlery and Pinmar Supply will merge and trade under the name of Pinmar Supply SL thus forming a one stop shop for all supply needs. Yacht Covering Systems SL (currently trading as Pinmar Covering) and Techno Craft SL will merge and trade under the name of Techno Craft SL.
Global Yachting Group aims to leverage on an experienced and globally skilled workforce to achieve economies of scale and the capability to execute ever larger new build, refit and supply related projects. The group will have the broadest international service capability in the superyacht sector, including real estate interests in refit facilities, yacht finishing, supply (retail and distribution), scaffolding and covering, blasting and surface treatment, concierge and advisory services all offered at competitive prices. (Press release, 5 October 2012)
Press release