Benetti Yachts, an Italian builder based in Viareggio and Livorno, has a history dating back to 1873. Although the company began building wooden sailing ships, they have been producing custom and semi-custom luxury pleasure yachts since the 1960s. Solid construction and a reputation for excellence has kept Benetti among the top-ranked builders in the world for most of their long history. Their yachts are recognized worldwide, especially Kingdom 5KR, built in 1980, which has had several famous and infamous owners. In 1985, the company was purchased by another well-known Italian brand, Azimut, combining two powerhouses into one that produces yachts popular for both sale and charter.