Solidifies presence in parts and accessories business
BUFORD, Ga., Aug. 09, 2022 (GLOBE NEWSWIRE) — OneWater Marine Inc. (NASDAQ: ONEW) (“OneWater” or the “Company”) announced today that it has completed the previously announced acquisition of Ocean Bio-Chem, Inc. (NASDAQ: OCBI) (“OBCI”), a leading supplier and distributor of appearance, cleaning, and maintenance products for the marine industry.
With this acquisition, OneWater Marine is positioning itself as a major player in the parts and accessories business within the marine industry. Ocean Bio-Chem’s reputation for high-quality products and strong distribution network will enhance OneWater’s existing portfolio and expand its reach to more customers.
Expanding product offerings
OneWater Marine’s acquisition of Ocean Bio-Chem will allow the company to offer a broader range of appearance, cleaning, and maintenance products to its customers. This will not only enhance the overall customer experience but also create new revenue streams for the company.
The addition of Ocean Bio-Chem’s products to OneWater’s lineup will further solidify the company’s position as a one-stop shop for all marine parts and accessories needs. Customers will now have access to a wider selection of products, making it easier for them to find everything they need in one place.
Benefits for customers
Customers can look forward to a seamless shopping experience with the integration of Ocean Bio-Chem’s products into OneWater’s existing platform. The acquisition will enable OneWater to improve its product offering and provide customers with more choices when it comes to appearance, cleaning, and maintenance products.
Additionally, the acquisition will likely lead to increased efficiencies in distribution and logistics, meaning customers can expect faster delivery times and better overall service. OneWater’s commitment to customer satisfaction will only be further strengthened by this acquisition.
How will this affect me?
As a consumer in the marine industry, you can expect to see a wider range of high-quality appearance, cleaning, and maintenance products available to you through OneWater Marine. This acquisition will make it easier for you to find everything you need in one place and may lead to improved customer service and faster delivery times.
How will this affect the world?
OneWater Marine’s acquisition of Ocean Bio-Chem reflects a growing trend towards consolidation in the marine industry. As companies like OneWater expand their product offerings and distribution networks, it can lead to increased competition and innovation in the market. This could ultimately benefit consumers worldwide by providing them with more choices and better service.
Conclusion
The completion of the acquisition of Ocean Bio-Chem by OneWater Marine marks a significant milestone for the company as it solidifies its presence in the parts and accessories business within the marine industry. Customers can look forward to a wider range of products and improved service, while the industry as a whole may see increased competition and innovation as a result of this acquisition.
