Boating Business

Ferretti Group Buys Part of Lauderdale Marine Center

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Lauderdale Marine Center will be used for Ferretti maintenance and refits.

The Ferretti Group, which includes the CRN, Custom Line, Ferretti Yachts, Pershing, Riva and Wally, has purchased part of Lauderdale Marine Center in Fort Lauderdale, Fla. Alberto Galassi, CEO for the Ferretti Group, says the United States is a fast-growing market for the manufacturer, adding, “The orders for 2020 confirm this trend.”

World-Class Service

The area within Lauderdale Marine Center that Ferretti will occupy covers 43,056 sq. ft (4,000 sq. m) with indoor and outdoor work areas, a warehouse and five slips. Ferretti Group, which has its headquarters in Forli, Italy, plans to use the Florida space for storing materials and parts for refits and service. The warehouse will also store spare parts for all the brands within the Ferretti Group.

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The Ferretti Group builds some of the most iconic yachts in the marine industry and the name is recognized worldwide.

Lauderdale Marine Center is the largest dedicated yacht service and repair facility in Florida and is one of the biggest in the United States. It’s positioned along the New River and has 20 class-certified contractors on site. Another 200 authorized contractors come on site as necessary and represent all the trades for virtually any repair or refit.

Additionally, in 2017, Lauderdale Marine Center became the first yachting-specific foreign trade zone in the United States. The designation permits importing goods without having to pay import duties that are frequently passed on to customers.