OneWater Marine Inc. completes the acquisition of Ocean Bio-Chem

by OneWater Marine 9 Aug 2022 17:13 PDT

OneWater Marine Inc. updates on its business operations © OneWater Marine Inc

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 and the automotive, powersports, recreational vehicles, and outdoor power equipment markets.

As a vertically integrated supplier, OBCI manufactures, markets, and distributes a broad portfolio of products under the Star brite®, Star Tron®, Odor Star® and other brand names.

"The addition of OBCI meaningfully advances OneWater's strategic growth and diversification strategy in the marine parts and accessories business. Utilizing our best-in-class integration playbook, we expect to capitalize on the numerous opportunities to expand market share and drive further margin expansion," said Austin Singleton, Chief Executive Officer for OneWater.

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OneWater Marine Inc. completes the acquisition of Ocean Bio-Chem

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