RIB manufacturer sold to British entrepreneur

United Kingdom
3rd November 2020

RIB manufacturer sold to British entrepreneur

RIB manufacturer
Company: Ribcraft
Business Type: Boat Builder, Boat Sales

Toby Adams has acquired Ribcraft for an undisclosed sum.

The RIB manufacturer Ribcraft, based in Yeovil, Somerset, has been bought by UK entrepreneur Toby Adams and looks set to expand on the success it has already enjoyed in growing governmental, military and securities sectors, as well as placing a larger emphasis on environmental sustainability.

Ribcraft was founded in the late 1980s and has grown to become a leading builder of rigid inflatable boats from 4.2m-18m for leisure, commercial and military applications, including police and search and rescue use.

Toby Adams, who is based in Dubai, was first introduced to the RIB manufacturer in 2009 when co-founding global franchise The Yellow Boats, when he chose to use Ribcraft RIBs for the tourism operator.

He then embarked on investing in a Ribcraft license to manufacture in the UAE and supply the increasing global demand for Ribcraft boats across the Middle East.

Following large government, military and securities contracts, Mr Adams has now acquired Ribcraft with a view to supporting the already substantially growing business.

Toby Adams commented:

Ribcraft Tony Adams
Toby Adams

Present and future plans for the business are going to be focused on enhanced aftersales support, plus new and existing contracts for military and global demand.

Another development will be the focus on environmental sustainability through carbon offsetting and the launch of the new Ribcraft hybrid range. The hybrid propulsion system has been designed to make Ribcraft boats the most advanced environmentally friendly patrol boats in the world.

About Ribcraft

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