French shipyard Rhéa Marine has been sold to the Experton-Revollier Group, a specialist in steel processing and owner of the Wauquiez and Tofinou yacht brands.

Rhéa was established in La Rochelle by Bertrand Danglade in 1996, who grew it into one of the great success stories of the French boating industry of the last 20 years. In 2012, he sold his business to a holding company, DLJ.

Rhéa and its motorboat range will join Experton-Revollier’s marine portfolio, which includes the Wauquiez line of blue-water sailing boats and Latitude 46’s Tofinou, Alphena and the classic Andreyale brands.

With the purchase of Rhéa, Experton-Revollier is strengthening its presence in the leisure boat industry – particularly the motorboat market.

The acquisition also confirms the group's high-end positioning and will optimise the transmission of “know-how” between all brands to consolidate quality and service, says Rhéa in a statement.