10 September 2006
10 September 2006
Southern Spars and Marten Spars have merged their two companies, creating a combined entity with a staff of 250 supplying custom made carbon fibre masts and booms.
The new entity, called Custom Projects, will be one of the business units which comprise the Southern Spars Group. The merger is expected to take effect from September 1st 2006, and both existing premises and all staff will be retained. The merger is expected to result in cost savings through efficiencies in manufacture, better economies of scale and co-ordinated design.
Southern Spars Director Mark Hauser comments “This is an exciting opportunity for both companies. By pooling resources and harnessing strengths, we acquire the extra capacity needed to grow the business and improve product value and service to customers. Marten Spars has proven itself to be a talented, energetic spar making company. By combining their people and spar making resources with Southern’s, we are creating one of the most dynamic worldwide custom spar making teams ever assembled. It also strengthens New Zealand’s position as a premium supplier of marine components in the international marine industry. “
Southern Spars has worked on many high profile racing campaigns and cruising yacht projects, including Volvo Round the World Race winner ABN AMRO ONE. Marten Spars also has experience in manufacturing high quality large super yacht masts and Leisurefurl “furling” booms.
Paul MacDonald, Managing Director and shareholder of Marten Spars will join the senior management team at Southern Spars and will oversee the Custom Projects business. Paul has been involved with the cruising market for 18 years and sailed on the Lion New Zealand Round the World campaign.
Marten Spars Paul MacDonald comments “it is great to be able to bring these two successful New Zealand companies together in a logical move to better serve our customers internationally. Both businesses have strong order books so our challenge is about satisfying our customer demand. We expect the larger business will provide our staff with additional opportunities for career progression and in the longer term a new facility that will be the most technically advanced factory in the world.”