UK & International Business Sales and M&A News

F3 Flexiteek Friesland B.V. has been fabricating synthetic decking for new and refit projects since 2014 and delivers dozens of decks a year. The newly acquired company will be known as Flexiteek Superyacht, and will bring an established fabrication centre using the latest CNC technology to supply the superyacht industry.

In March 2022, work starts on a new 4,500sqm factory in the city of Sneek, the Netherlands, enabling Flexiteek to dramatically increase capacity and offer extensive training facilities.

The acquisition follows on from the establishment of a new manufacturing operation, Flexiteek Marine Products, in Ostroda, Poland, in early 2021. The operation manufactures and supplies panels for the growing OEM market.

Tomas Gustafsson, Flexiteek’s president and CEO, sees the acquisition as an opportunity for a wide reach across the whole leisure marine industry.

He commented:

Flexiteek was founded in 2000 and extrudes ‘planks’ out of PVC, producing synthetic teak decking to rival traditional teak, but with significant performance advantages. The Flexiteek 2G decking materieal is designed to cope in all weather conditions, is available in over 30 different colour combinations and can feature bespoke designs, logos and lettering. It is used by over 200 boat builders worldwide in both tenders and superyachts.

The use of synthetic decking minimises the environmental impact of using tropical hardwoods such as teak. Flexiteek works to reduce its environmental footprint, by recycling its manufacturing waste into other products and using REACH compliant phthalate-free plasticiser. It also supports various conservation charities and follows a tree-planting scheme.