The acquisition has been identified as a strategic move to secure and strengthen Ocean Safety’s development and brand presence under the 3Si banner within the marine industry, both in the UK and North America.
Charlie Mill, Ocean Safety's MD, said, “This acquisition is a great opportunity to continue to grow Ocean Safety and its brands by adding new and innovative products and gaining access to new markets. I am excited to continue Ocean Safety’s tradition of providing our customers with superior products and exceptional customer service.”
3Si CEO, Doug Baxter, added, “I have always held Revere Survival in high regard and I am delighted that this business and well known marine safety brand is now part of our new group giving us the opportunity to fully serve the North American market with a high quality product and service.”
The acquisition will be formally announced on the afternoon of Wednesday 19 November in the British Pavilion at METS.
If you've found this story to be 'a report worth reading', and you would like to enjoy access to even more articles, insight and information from The Superyacht Group, then you may well be interested in our VIP print subscription offer. We are inviting industry VIPs to register for a complimentary subscription to our print portfolio, which includes the most insightful information on the state of the superyacht market. To see if you qualify for our VIP subscription package, please click here to fill in an application form