The Wichard Group yesterday announced the acquisition of Axxon Composites, a manufacturer of high-performance masts, booms and rigging.
Of note is the strategic fit with the Lorima brand, according to Wichard, which joined the group in 2019. With these two key players in the carbon-spar sector, the Wichard Group said it will be able to address different market segments, with Lorima strengthening its focus on the megayacht, ocean racing and cruising catamaran segments above 70 feet.
“This acquisition enables us to offer our customers a wide range of carbon masts,” Wichard chairman Jean-Claud Ibos said in a statement. “We are able to equip both racing and cruising and merchant vessels in sizes ranging from 35 feet to over 150 feet. At the end of 2023, we will be finalizing the constitution of a coherent, high-quality industrial offer, which will enable us to position ourselves widely in the deck equipment market for sailing boats, but also in the industrial world.”
Wichard said the transaction will strengthen its global production facilities, improve customer service, and foster industrial and commercial synergies.
