Ferretti Yachts For Sale
Ferretti was established in 1968 by brothers Alessandro and Norberto Ferretti. Initially building a line of sailboats and motor sailors, the company introduced its motor yacht series in 1980. The company began exporting to the U.S. in 1994, and by the late 1990s the Ferretti brand was well established in the North American market. In 1997, Ferretti—which had previously acquired Pershing Yachts and Riva Yachts— purchased Bertram Yachts. By 2004 Ferretti Yachts yearly sales had reached 160 million Euro and a 500-strong staff. Following a serious decline in business owing the the worldwide decession, a 2008 financial crisis left Ferretti near bankruptcy. Ferretti was sold in 2012 to Shandong Heavy Industry Group, the state-owned parent company of China’s biggest bulldozer-maker.