The Ferretti Group has announced the acquisition of a production site measuring over 70,000 square metres, including dry dock, in San Vitale, located within the province of Ravenna.
“This acquisition represents the fulfilment of a promise,” commented Ferretti Group CEO Alberto Galassi. “We already have big plans for the new expansion, envisaging a production site that will be at the forefront in all of its aspects: the wellbeing of workers, a positive social impact, environmental protection, including through a careful choice of materials, and increased production. In Ravenna we have found the perfect home for the sailing Wallys and for the expansion of our other brands, starting with the extraordinary Ferretti Yachts INFYNITO range“.
The new production complex in the province of Ravenna will benefit from a strategic location, close to the headquarters in Forlì and the shipyard in Cattolica. The acquisition envisaged an initial investment of approximately €40 million, which will be followed by a further 40 million over the next three years, dedicated to the construction of new production spaces and a research and development centre.