The Story
Marine
Southern Spars
Quick Facts
Builds masts (or spars, which can sell for up to $30m), booms and rigging.Owned by the North Technology Group, a US-based business that invests in marine technology companies which also own North Sails, one of the largest sailmakers in the world. (Ultimately owned by Oakley Capital, a UK-based private equity firm.)
Generates turnover of about $120m
Founded in 1990
Based in Auckland
One New Zealand company hull and mast above the pack is Southern Spars.
The Auckland-based business built the winning Emirates Team New Zealand boat for the last America’s Cup in Bermuda. Its main job is building masts (or spars, which can sell for up to $30m), booms and rigging.
The
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Southern Spars
Marine,
92134