ALMACO Group announced today that it has completed the divestiture of its Construction Division business to ADMARES Group. ADMARES has integrated the division to its existing floating solutions business including the division’s delivered and ongoing projects, international patents and team of experts.
Vilhelm Roberts, President & CEO of ALMACO Group, stated,
With the divestiture of ALMACO’s Construction Division, the company returns to its primary focus of delivering complete interiors to the Marine and Offshore markets, enhancing our market position through dedicated customer focus and continuous innovation programs centered on the owners’ and operators’ needs.
We would like to underline that ALMACO will honor all existing agreements with construction customers and complete all ongoing projects as contracted.
ADMARES will benefit from the division’s design, engineering, construction and project management expertise in modular construction to strengthen the company’s portfolio of offerings and supporting its growth strategy in the real estate construction market worldwide.
ALMACO’s origins are in the cruise market and since 1998, the company has become a market leader in new construction and refurbishment of complete interiors for marine vessels and offshore units. The company’s Accommodation and Food Handling solutions are featured in newbuilds and modernized cruise vessels as well as offshore units around the world.
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