June 11, 2024

Giuseppe Balducci 1937 - 2024

Overmarine Group announces the passing of its founder and President Giuseppe Balducci on Monday tenth June. Born in Limite sull'Arno in 1937, Giuseppe took his first steps in the yachting industry as a very young man. After moving to Viareggio early in his childhood, in 1953, aged only sixteen he began his adventure as an electrician at the historic Picchiotti shipyard, where he worked for many years, until 1971, when the Viareggio-based boat builder declared bankruptcy. In the same year, Giuseppe decided to set up his own business, Elettromare, which manufactures marine electrical systems to this day. Even at that time, Elettromare was already a pioneering company that made electrical panels and systems for boats using cutting-edge equipment. As part of his business activity, Giuseppe Balducci travelled extensively around Italy and the United States, and it was just during those trips that he realised how boat building was evolving, moving from the use of wood to that of fiberglass. This inspired him to open a factory in Massarosa, Lucca called Effebi in 1983 for the construction of fiberglass hulls and parts. This Balducci's vision proved to be far-sighted, with many boat builders starting entrusting him with the construction of their hulls. Shortly afterwards, Overmarine was established, debuting with the 42 and 65 Open models in 1986 specializing in the construction of fast maxi-open yachts with an unmistakable, timeless style, with the company rapidly became a world leader in the construction of vessels in this segment. As many as 85 units of the first super sport yacht model, the Mangusta 80 which debuted in 1992 and was produced till 2018. Today's Overmarine Group is the result of the unfaltering enthusiasm of a man who believed in a great dream. Giuseppe Balducci was convinced of Viareggio's potential and was one of the founding partners of two companies actively operating in the port of Viareggio, Udina and ArPeCa. Active until the end, Giuseppe personally oversaw the construction of a new manufacturing plant in Pisa, which will be officially opened over the next few days. Giuseppe will always be remembered as a reserved man, with a subtle sense of humor and a great love for his wife Bruna, his children Maurizio and Katia, his beloved granddaughters, and all his employees, who, together with him, have built vessels and yachts that have become icons in the marine industry. The Overmarine team, the boating and yachting World want to remember him, as they express their profound gratitude to Giuseppe and extend their thoughts and condolences to the Balducci family at this difficult time.

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