Daedalus Yachts acquires Farrier Marine
Published on August 2nd, 2018
New Zealand trimaran company Farrier Marine Group has been sold to American company Daedalus Composites. The original Farrier design changed the sailing world and is a member of the US Sailboat Hall of Fame. Farrier Marine is best known for its F-22, a folding trimaran designed by company founder Ian Farrier.
Discussions of a production partnership began three years ago between Ian Farrier and Michael Reardon, CEO of Daedalus Yachts, based in Edenton, North Carolina, USA.
“Ian and I reached a deal in principle just before his sudden and untimely death in December 2017,” says Reardon. “Those talks then evolved into an outright purchase of the brand and assets, which will continue to be managed from Christchurch by Rob Densem, General Manager of Farrier Marine.
“I have huge respect for Farrier yachts, for Ian Farrier and his 40 year history of designing multihulls. Early designs such as the Trailer Tris of the late 1970s were revolutionary. His 18-foot design was put into production in the USA and Australia, where it won Australian Boat of the Year in 1981.
“Through his design collaborations with production builders, custom builders and his own companies, Ian was responsible for more than 3000 sailing multihulls afloat today. His designs were continually evolving game changers in the world of multihulls, and are safe, affordable and beautifully engineered performance trimarans.”
Rob Densem looks forward to working with Daedalus Yachts to meet demand for the new generation F-22.
“Working with Daedalus Yachts will give us a secondary production facility to complement the Christchurch one, and to increase production of the F-22,” says Densem. “There is international high demand for F-22s so we have an order backlog and will reduce this much more quickly with help from our team in North Carolina.”
About Daedalus Yachts
Daedalus Yachts is a yacht design, engineering, and manufacturing company born out of 35 years of yachting excellence. The D80 catamaran is the world’s first production hydrogen-powered yacht.
About Farrier Marine
Farrier Marine is a trimaran manufacturer based in Christchurch, New Zealand. The sailing boats produced by this shipyard are designed by Ian Farrier and have a unique patented folding system without hinges in the beams or the critical beam to float join, allowing the overall beam to be varied in seconds by just one person.
Source: Daedalus Yachts