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Fincantieri acquires Manitowoc Marine

Discussion in 'Fincantieri Yacht' started by coismov, Jan 9, 2009.

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  1. coismov, Jan 9, 2009
    #1
    coismov

    coismov Member

    Joined:
    Feb 4, 2006
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    Location:
    Milwaukee, WI
    Fincantieri has finalized the deal to acquire Manitowoc Marine for a reported $120 million. The sale includes assets like Bay Shipbuilding Co. of Sturgeon Bay, Marinette Marine Corp. and the Cleveland Ship Repair Co.

    The Manitowoc Marine segment of Manitowoc Co. had sales of about $321 million in 2007.

    http://www.fincantieri.it/cms/data/browse/focus/000008.aspx