Newsletter Subscription

Wednesday, Oct 7, 2015

Drew Marine Completes Acquisition of Chemring Marine


Affiliates of Drew Marine ("Drew Marine") announced today the completion of the previously announced acquisition of Chemring Group PLC's ("Chemring") maritime interests for cash consideration of £32 million.  Under Drew Marine's ownership, the acquired business will be named Drew Marine Signal and Safety ("DMSS").

Related Research on
Global 2D Gesture Recognition Market 2015-2019

DMSS is the world's leading supplier of marine distress signals including handflares, manoverboard buoys, line-throwers and other required rescue products under established brands including Pains Wessex, Comet, Aurora and Oroquieta. The Company's products are produced in Bremerhaven, Germany; Pamplona, Spain; and Lara, Australia. The business will continue to be headquartered in Hampshire, UK.

Drew Marine is the global leading provider of technical solutions and services to the marine industry specializing in Water Treatment, Fire, Safety & Rescue ("FSR"), Cleaning & Coatings, Fuel Management, Welding & Refrigeration and Sealing Products.

Len Gelosa, President and CEO of Drew Marine, said: "On behalf of all of our global employees, I am extremely pleased to formally welcome the outstanding management and employees of DMSS to the Drew Marine family.  The acquisition of DMSS's market leading brands and technology fits perfectly with our strategy to expand our FSR capabilities and provide essential safety and rescue products to the global maritime industry."

Your company’s press release on ASDNews and to thousands of other journalists and editors? Use our ASDWire press release distribution service.

Source : Drew Marine

Published on ASDNews: Aug 1, 2012


US Export Controls with REFORM CHANGES Seminar

Jan 25 - 28, 2016 - San Diego, United States

Register More info

© 2004-2015 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs