The story
Founded in 1873, when Lorenzo Benetti (1844–1914), bought the Darsena Luca shipyard to found the Benetti shipyard. The yard built commercial vessels, including fishing boats and Mediterranean trading ships. On his death in 1914, his sons Gino and Emilio took over, and renamed the yard Fratelli Benetti. They continued using wooden construction, but now built ocean-going ships, and some private yachts. After the death of Gino in 1927, his sons Giuseppe and Virgilio took over his share, while Maurizio and Bertani assisted their father Emilio.
World War II
During World War II, the yard built medium-sized military vessels in steel, but due to highly effective bombing, the production was severely limited. After the war, and with restrictions on Italy on what she could produce militarily, the yard produced the first steel-hulled diesel powered vessel in the locality, the "Raphaelo". In 1954, Fratelli Benetti split its sailing and yacht business (Gino's family), from the commercial ship building business which continues under the name M&B Benetti (Emilio's family). Emilio has a holding in both companies, and chairs both companies.
In 1963, Emilio died and the running of Fratelli Benetti was taken over by Gusieppe and his son Lorenzo. Lorenzo was the driver of the yacht business, moving instantly from wooden to steel construction, and designing three styles of yacht which brought the name Benetti to the world: the Delfino, the Tirreno and the Meditteraneo lines (from 18 to 33 metres). Demand for these vessels outstripped the capabilities of the yard. In 1978, the yard launched the "Viano", a sailing yacht which on corrected times won the Admirals Cup. In 1979, the yard launched "Nabila" for Adnan Khashoggi, which at 83 metres and 2,465 tonnes was the largest yacht of its time.
Sale to Azimut
Lorenzo died in 1980 and the company fell into financial difficulties until 1984, when it was purchased by Paolo Vitelli, the owner of Azimut, who renamed it Benetti Shipyard. In 1988, Benetti built a ship to challenge the transatlantic Blue Riband award but its efforts proved unsuccessful. The company is now part of the Azimut I Benetti group, also owner of Fraser Yachts.
From Wikipedia’s article on Benetti, shared under CC BY-SA 4.0.5
