{"id":44325,"date":"2022-07-05T06:45:56","date_gmt":"2022-07-05T04:45:56","guid":{"rendered":"https:\/\/www.tipandshaft.com\/?p=44325"},"modified":"2022-07-01T16:30:12","modified_gmt":"2022-07-01T14:30:12","slug":"yann-penfornis-now-the-third-chapter-in-the-history-of-multiplast","status":"publish","type":"post","link":"https:\/\/sailorz.com\/en\/institutions-en\/yann-penfornis-now-the-third-chapter-in-the-history-of-multiplast\/","title":{"rendered":"Yann Penfornis: “Now, the third chapter in the history of Multiplast”"},"content":{"rendered":"

Managed for 28 years by Gilles Ollier then for 13 by Dominique Dubois, legendary French boatbuilders and multi discipline composites specialists\u00a0Multiplast<\/a>\u00a0has just recently changed hands. On Tuesday\u00a0the takeover of the Carboman group<\/a>\u00a0to which the Vannes shipyard belongs was completed by HBH group which is headed by Damien Harl\u00e9 and Jean-Denis Bargibant.\u00a0Yann Penfornis<\/strong>, who remains managing director, explains the implications of this takeover.<\/em><\/p>\n

\u25ba Can you tell us about the terms of the takeover of the Carboman group?<\/strong>
\nWell it all started two years ago when Dominique Dubois, the president of the Carboman group, decided to participate in the\u00a0Ocean Globe Race<\/a>\u00a0in 2023. He then prepared his own departure and spoke to employees about the sale of the company. At the beginning of December 2021, he was in contact with\u00a0Damien Harl\u00e9 and Jean-Denis Bargibant<\/strong>, the leaders of the HBH group, which has two production sites, including\u00a0Ouest Composites Industries,<\/a>\u00a0based in Auray. The initial discussions went well and we entered into almost exclusive discussions at the beginning of 2022. Even before the formalization of the takeover, as potential buyers they were involved in our decisions on long-term projects. And they were at our premises two or three times a week. The sale was finally signed on Tuesday.\u00a0The transition is done in excellent conditions,<\/strong> there is no break in decisions, no loss of time.<\/p>\n

\u25ba <\/strong>So you will still be the Managing Director of Multiplast?<\/strong>
\nIndeed. Here we are approaching the third chapter in the history of Multiplast, a beautiful new chapter with two good managers younger than me, their plan is for the three of us to work closely together. From our first meeting, Damien Harl\u00e9 and Jean-Denis Bargibant wanted to make sure that I stayed in the frame. I said yes, provided I could continue to come to the office every morning at 6:30 a.m. wearing a smile. The new buyers are the type of guys I like, there is no reason for it to go wrong. It’s important to have their trust.\u00a0My responsibilities remain the same.<\/strong> I had already been a shareholder for about ten years, my holdings go back just from Multiplast to the group level.<\/p>\n

\u25ba <\/strong>What do you remember from the 13 years spent alongside Dominique Dubois?<\/strong>
\nMany things. Superb projects like Groupama 4 or Gitana 17\u00a0<\/em><\/strong>(the\u00a0Maxi Edmond de Rothschild,<\/em>\u00a0editor’s note), the VOR 65s, the creation of the Carboman group, the acceleration of our diversification, building new premises, the involvement in very good research projects, the development of a company that has gone from 49 employees when Dominique took over to 110 today. I forget bits I am sure because so much has happened in 13 years! There were also some hard knocks of course. In such projects, there are technical difficulties to deal with and tight schedules to respect. The Covid period was not easy to get through, we had to really push ourselves hard to get the boats out. And at the moment, the prices of raw materials are soaring and there are difficulties recruiting. We have many challenges ahead.<\/p>\n

 <\/p>\n

\n

“The buyers’ strategy is <\/span><\/em><\/h2>\n

to keep a form of continuity\u201d<\/span><\/em><\/h2>\n<\/blockquote>\n

 <\/p>\n

\u25ba <\/strong>Will Multiplast’s financial resources increase with the takeover?<\/strong>
\nNot necessarily. The money is not going to be flowing. Each investment will be well thought out and should make it possible to yield a pay off in the years that follow. With this acquisition, we go from a group of 140 employees to 250.\u00a0<\/strong>As for the turnover, it almost doubles to reach\u00a030 million euros.<\/strong><\/p>\n

\u25ba <\/strong>Will offshore racing retain such an important place?<\/strong>
\nThe strategy of the buyers is to maintain a form of continuity. We will of course continue to build ocean racing boats. This activity is in the DNA of the company and represents\u00a050% of its activity.<\/strong>\u00a0At the same time, we want to continue our\u00a0diversification in the industrial fields<\/strong>\u00a0with other very nice projects. For example, we are working with Les Chantiers de l’Atlantique on the\u00a0Solid Sail<\/a>\u00a0project, we are building the rigid sail and part of the mast. We are also collaborating on the\u00a0Flying Whales<\/a>\u00a0airship project. Thales remains a very important customer, we build radars and radomes for them.This distribution between offshore racing and industrial projects suits us well because we don’t want to put all our eggs in one basket.<\/p>\n

\u25ba <\/strong>What are the current projects in ocean racing?<\/strong>
\nWe are\u00a0finishing Boris Herrman’s boat,<\/strong>\u00a0which will leave the yard this Saturday and join the Team Malizia workshop for the installation of the systems before being launched in two weeks. An Imoca like this, for a yard like ours, represents\u00a033,000 hours of work<\/strong>, not counting the appendages, the mast and the boom. It’s a lot more than before. For example, in 2007, an Imoca like\u00a0Brit Air<\/em>\u00a0required 20,000 hours of work. The boats are becoming more complex at all levels and they need to be reinforced more because they go faster. We are also building\u00a0Paprec-Arkea,<\/strong><\/em>\u00a0Yoann Richomme’s Imoca, which will be delivered at the end of the year. With this project, we learn to work with a new association of architects: Antoine Koch and the firm of Finot-Conq. We have also built the hull and deck of Maxime Sorel’s boat (V&B-Monbana-Mayenne<\/em>) which has just been launched and we are also currently taking care of\u00a0repairs on Nicolas Troussel’s boat<\/strong>\u00a0(Corum L\u2019Epargne<\/em>). The boat arrived in the yard three weeks ago. We started with an analysis phase of the work to be carried out. The bottom of the hull and the keel area are to be redone. The new structures are being manufactured, we will receive them in early August and the boat will be relaunched in early September.<\/p>\n

\u25ba You also worked on your first Class40s, the \u201cClak40s\u201d<\/strong>
\nWe have actually built\u00a0four Class40s<\/strong>\u00a0to VPLP designs. Three are already in the water for Nicolas d’Estais, Andrea Fornaro and Martin Le Pape. A fourth will be launched at the end of July for William Mathelin-Moreaux. The background and outlook of these customers is not the same as in Imoca. Class40 skippers and their teams have less experience in building boats and that’s normal. The architect is more involved. The Class40 is smaller than the Imoca, but\u00a0project management is almost more complicated.<\/strong>\u00a0We will have four Class40s on the next Route du Rhum and we are not stopping building more in the future.<\/p>\n

\u25ba <\/strong>You had weight issues with the Clak40. Have they been resolved?<\/strong>
\nIndeed we were not at the minimum weight under the rules on the first boats. The architects have worked hard to lighten the boats. The latest Clak40s are around forty kilos overweight, but I’m happy with our positioning: the structure is strong, the boat is reliable and we’re close to the minimum weight.<\/p>\n

\u25ba What about\u00a0the Class30 project,<\/a>\u00a0the 30-foot one-design designed under the initiative of the UNCL and the RORC, to a VPLP plan?<\/strong>
\nIn fact, we now say \u201cCarboman 30<\/strong>\u201d, because the name Class 30 was registered by Class40.\u00a0The production of the moulds begins next Monday<\/strong>\u00a0at Ouest Composites Industries. The industrial assembly site for the production of the boats has not yet been agreed. We have about twenty firm orders. From next spring, we will be releasing one Carboman 30 per week. The challenge is to succeed in building these boats on time, while respecting the costs and the quality required. It is a beautiful series production project.<\/p>\n

\u25ba Is it a challenge for a yard more accustomed to making prototypes to build for series production?<\/strong>
\nWe are used to doing this in our industrial activities. For Thales, we have produced around fifty radars. For our boats, it is indeed less usual, even if we built 200 foils for the Figaro 3, we produced two per week. This requires another organization, a\u00a0Taylorization of activities<\/strong>, but we are in control.<\/p>\n

\u25ba What is your opinion on the Fran\u00e7ois Gabart affair and its possible consequences for the profession?<\/strong>
\nI am not a lawyer so I will not give my opinion on the pros and cons I don’t know who is right but\u00a0I find this situation really sad,<\/strong>\u00a0it hurts everyone. Today, a race starts from Concarneau (Finist\u00e8re Atlantique,<\/a>\u00a0NDR) with four Ultims, and Fran\u00e7ois Gabart is not at the start although it is his home port.\u00a0The public does not understand<\/strong>\u00a0this at all. At Multiplast, we have worked a lot on these boats and it hurts our hearts not to see\u00a0SVR-Lazartigue<\/em>\u00a0racing. No one will win or gain from this this story. A new sponsor comes into the Ultim class and here we are only talking about compliance, rules, lawyers, courts. These are not good messages. I propose an idea to unblock the situation: the organizers of the Route du Rhum could invite Fran\u00e7ois Gabart in the Rhum Multi class.<\/p>\n

Photo: Multiplast<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Managed for 28 years by Gilles Ollier then for 13 by Dominique Dubois, legendary French boatbuilders and multi discipline composites specialists\u00a0Multiplast\u00a0has just recently changed hands. On Tuesday\u00a0the takeover of the Carboman group\u00a0to which the Vannes shipyard belongs was completed by HBH group which is headed by Damien Harl\u00e9 and Jean-Denis Bargibant.\u00a0Yann Penfornis, who remains managing director, explains the implications of this takeover.<\/p>\n","protected":false},"author":12,"featured_media":44328,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[259],"tags":[],"class_list":["post-44325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-institutions-en"],"yoast_head":"\nYann Penfornis: "Now, the third chapter in the history of Multiplast" - Sailorz<\/title>\n<meta name=\"description\" content=\"Multiplast\u00a0has just recently changed hands.\u00a0Yann Penfornis, who remains managing director, explains the implications of this takeover.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sailorz.com\/en\/institutions-en\/yann-penfornis-now-the-third-chapter-in-the-history-of-multiplast\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Yann Penfornis: "Now, the third chapter in the history of Multiplast" - 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