Rosetti Marino gives up its Dutch ambitions
The Ravenna-based shipyard withdraws from the deal to take over Hereema Fabrication Group at Zwijndrecht
Rosetti Marino of Italy has withdrawn its offer to buy Heerema Fabrication Group’s (HFG) Zwijndrecht facility in the Netherlands, after the two parts entered into a letter of intent on 16th November with the aim to sell to Rosetti Marino the HFG activities at the Dutch facility.
Both companies affirm to have worked closely together and in good mutual cooperation to investigate the viability of this proposed sale; however,Rosetti Marino, after careful consideration of the risks and opportunities, has concluded that this acquisition did not meet its requirements due to adverse market conditions and the uncertainty for future prospects for the Zwijndrecht plant.
The give up from the Italian shipbuilding and shiprepair group inevitably brings HFG to confirm the sad solution of the Dutch shipyard bound to close. The management informed staff about the intended closure and will request advice from Works Council of HFG which is committed to support the 80 employees who are being made redundant.
HFG company will continue construction operations at its locations in Vlissingen and Opole (Poland).