French company Catana Group, specializing in the design, construction and marketing of pleasure craft, said it has acquired an additional 20% stake in Haco, a Tunisian firm operating in the same segment.
Catana, which already held 30% of Haco’s capital, just increased its interest to 50% with the new acquisition.
The amount of the operation was not unveiled but Boris Compagnon, Catana Group’s sales manager said the initiative will consolidate the French firm’s development and improve its international expansion.
Haco is a fully exporting company based for 14 years in Haouaria, Tunisia’s Cap Bon.
It has an industrial site of 8,000 square meters and employed 149 Tunisian managers and workers in 2017.