International growth seen in two companies

Schaefer to distribute Manson Anchors
New Zealand-based Manson Anchors has appointed Schaefer Marine of New Bedford, Mass., to distribute its product line in the United States.
Established in 1974, Manson manufactures anchors for power boats, racing yachts and superyachts. The newest Manson anchor is the Manson Boss, the company’s most technically advanced, safest anchor ever. The Boss offers significantly more holding power in most seabeds. The shank, made from high tensile, Lloyd’s Register-approved (minimum 800mpa) steel, features the new patented shackle Preventa and has been FEA optimized for strength. The weight savings are transferred into the fluke to ensure even more holding power.
For more information, visit mansonanchors.com or Schaefer Marine through stevem@schaefermarine.com.
Drew Marine acquires Chemring Marine
Drew Marine has agreed to acquire Chemring Marine. The business will be renamed Drew Marine Signal and Safety with corporate headquarters to remain in Havant, Hampshire, UK.
“The acquisition of Chemring Marine is a perfect fit with our strategy to provide essential products for safety, reliability and compliance to the global maritime industry,” Len Gelosa, president and CEO of Drew Marine, said in press release.
Drew Marine, owned by JF Lehman and Company, specializes in fire, safety and rescue, cleaning and coatings, fuel management, welding and refrigeration, sealing products and water treatment sectors.
Chemring Marine manufactures Pains Wessex and Comet brands.
Conditional upon regulatory approvals, the transaction is expected to be completed by the end of the month.
for more information, visit chemringmarine.com/
Source URL: http://thetriton.com/article/2012/07/international-growth-seen-two-companies

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