Friday, November 16, 2007

Hall Spars & Rigging Expands to New Zealand

Hall Spars & Rigging president Eric Hall announced today that Hall Inc. has signed a letter of intent to acquire Matrix Masts, located in Auckland, New Zealand. Following the formal filing of papers (expected in mid-December) the Matrix factory will operate under the Hall name. The announcement was made from the Hall booth at the METS trade show.

Current Matrix owners Garry Hassall and Murray Jones will remain as managing partners of the new company with a strong minority share interest. Hassall was on hand in Amsterdam for the announcement.

“The acquisition of this team is a perfect fit,” commented Hall. “They are highly skilled in carbon construction, so we anticipate a smooth transition to the Hall production method. From manufacturing to service, we are impressed with the overall expertise of this team and look forward to this new venture.”

Known for the development of the highly successful “Ocean Furl” furling boom, Matrix has produced carbon spars for racing boats to superyachts over the past 21 years. The purpose-built Matrix facility, which includes a 42-meter autoclave, is positioned to provide outstanding products and service to the New Zealand, Australian and Far Eastern markets.

“With the addition of the factory in New Zealand, Hall is ideally situated to assist clients around the world,” says Hall. “Whether the client is in the U.S., Europe, the Mediterranean or the Pacific Rim, Hall has a facility and service team nearby.”

Hall Spars & Rigging currently operates factories in the U.S. and Holland. In addition, there is a sales and service office in Italy. Hall Spars & Rigging supplied the spars to the 2007 America’s Cup winner Alinghi.



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