Company: Mallory Marine, SeaStar Solutions
Business Type: Manufacturer
UK & International Business Sales and M&A News
Acquisition adds depth to SeaStar Solutions' engine and drive parts product line.
SeaStar Solutions (formerly known as Teleflex Marine), a leading manufacturer and distributor of marine steering and control systems and engine and drive parts, announced that it has acquired Mallory Marine from Prestolite Performance, a leading manufacturer and distributor of auto racing, performance and appearance products based in Cleveland, Ohio. Mallory Marine markets a complete line of inboard and outboard engine replacement parts, oil and lubricants. Not affected by today’s announcement is Mallory Ignition, the sister company to Mallory Marine, which remains a core brand of Prestolite Performance.
“This acquisition adds to the extensive product line and distribution services we provide through our Sierra division. It further strengthens our capacity to meet the needs of marine dealers for superior quality parts, extensive product availability and fast delivery.”
Yvan Cote, President and CEO of SeaStar Solutions
SeaStar Solutions continues to pursue an aggressive growth strategy focusing on new product developments and acquisitions. Their Optimus 360 Joystick Docking System for outboard and stern drive boats as well as their Xtreme Steering System both won NMMA Innovation Awards and have provided exciting new OEM and aftermarket sales opportunities. The company has also made key acquisitions in the marine market, including INCA Molded Products and Detwiler Jack Plates.
“We continue to grow by providing our customers with an expanding array of world class products and services. Whether it’s exciting new products like Optimus and Xtreme, or the acquisition of a company like Mallory Marine, our objective is the same – to provide our customers with innovative solutions as well as the highest levels of quality, reliability and service that propel us all forward.”
Yvan Cote, President and CEO of SeaStar Solutions
Comments
No comment yet.