Hall Spars group was founded 37 years ago by Eric Hall in Bristol, Rhode Island and expanded to facilities in Auckland, New Zealand and Breskens, Netherlands.<\/p>\n
The US parent company announced in early 2017 that it would be closing the doors due to well publicized financial challenges after an investment deal to stabilize the company at the end of 2016 fell through.<\/p>\n
NTG\u2019s acquisition will see Hall Spars activities continue in Auckland and Breskens, and a re-establishment of Hall\u2019s Service presence in Rhode Island for both local and globally based customers.<\/p>\n
\u201cHall Spars has long been highly regarded in the mast business and the financial challenges the company faced earlier this year were very saddening but reflect just how tough the marketplace has become,\u201d said Richard Lott, COO of North Technology Group. \u201cOur involvement will secure the design records and so forth to the benefit of existing Hall customers everywhere, past present and future. We will retain many key staff and much production capability. It is a great fit for NTG and should be good for all involved.\u201d Lott concluded.<\/p>\n
NTG\u2019s Mast business will comprise both the strong Hall Spars and Southern Spars brands alongside the world\u2019s premier rigging supplier Future Fibres.<\/p>\n
The group\u2019s management is determined to maintain the branding and manufacturing independence of each of them, with Hall Spars and Southern Spars recognized as serving customers with slightly different requirements.<\/p>\n
\u201cWe see the addition of Hall Spars as a further strengthening of the group\u2019s mast making skills\u201d said Sam Watson, CEO of NTG\u2019s mast businesses. \u201cIt broadens our reach with the addition of the male mandrel mast building technology. This balances Southern\u2019s typically female molded approach enabling us to serve all customers\u2019 needs.\u201d<\/p>\n
About North Technology Group<\/strong> Hall Spars group was founded 37 years ago by Eric Hall in Bristol, Rhode Island and expanded to facilities in Auckland, New Zealand and Breskens, Netherlands. The US parent company announced in early 2017 that it would be closing the…<\/p>\n","protected":false},"author":7,"featured_media":12764,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[16],"tags":[18],"yoast_head":"\n
\nNorth Technology Group originated with worldwide sail making leader North Sails in 1957. Founded by Lowell North in a San Diego, USA, garage, NTG has grown into a diverse family of companies serving marine and manufacturing markets worldwide. North Sails, the leader in sail making technology is the cornerstone of North Technology Group. Other NTG companies include; Edgewater Power Boats, North Thin Ply Technology, and Southern Spars.<\/p>\n","protected":false},"excerpt":{"rendered":"