Sanguineti has seen revenues increase by 48% from 2022 to 2023, with forecasts predicting a tripling of revenue from 2022 by 2026.
The Italian manufacturer and supplier of products and equipment to the luxury yacht market was acquired by the Quick Group in 2023 and says production across its product ranges is at capacity.
Since the acquisition, an investment of €3.5 million has been earmarked for new machinery, expansion of facilities and increasing the workforce.
“We are at full capacity in terms of production for 2024 with €6.5 million of orders, and we have already sold around 40% of our capacity for 2025,” said Lorenzo Cesari, CEO of Sanguineti. “We are confident that we can fill our 2025 order books in the next three months.”
The company is currently building new production facilities in Casarza Ligure that will provide 6,000sqm of space, three times the current area and investing in production machinery.
“We are investing around €2.2 million in new CNC machinery and waterjet technologies for cutting steel and aluminium, as well as new machines for metal bending and milling, a new paint room with oven, and productive synergies with CATT – mechanical machining company that is also part of the Quick Group,” explained Lorenzo.
“It’s a big investment for us in very modern equipment, and also in our workforce – we expect to increase that by 35% too.”
In addition to the investment in new premises and machinery, Lorenzo explained that new product lines are being added together with refreshing existing lines.
