Southern/Nordic union...

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Southern/Nordic union...

Industry News

New Zealand-based Southern Spars has acquired Denmark-based Nordic Mast for an undisclosed sum. the deal went through on July 19.

JULY 2010

The merged Southern Spars entity employs over 350 staff.
The existing Nordic Mast premises and all staff will be retained, and the operation will continue to be managed by Lars Netterstrøm, who will also assume a wider group role.
Southern Spars was founded in 1991 and is based in Auckland, New Zealand. It employs in excess of 300 people and is made up of five key business units: NZ Masts, Cape Town Masts, Composite Rigging, which manufactures lightweight carbon and aramid rigging, including the innovative EC6 carbon rigging, and Rig Pro service which has four service centres strategically located in Palma, USA, New Zealand and South Africa. A carbon rigging and small boat mast production facility in Sri Lanka is now operational also.
Nordic Mast was founded in 1979 and is based in 6230 Rødekro, Denmark. It employs 30 people and has concentrated on building carbon masts for race boats, performance cruisers and cruising boats up to 30m (100ft).
“At Southern Spars we have been looking for some time to both increase our presence and commitment to the European market and expand our product offering in carbon masts and carbon rigging,” says group general manager David Glen. “Southern Spars is a market leader with innovative mast and carbon rigging concepts for the grand prix race, ocean racing and performance superyacht markets... We now will have the opportunity to collaborate with the team at Nordic Mast, who have considerable experience and presence in the European smaller race boat, performance cruiser and production cruiser markets.”

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© Phil Draper