Survitec Group buys Revere Supply Company division
Northern Ireland-based Survitec Group Ltd., a leader in safety and survival equipment, acquired Revere Commercial Marine Business from Revere Supply Company to expand its presence in the United States.
Terms of the transaction were not disclosed.
Jacksonville, Fla.-based Revere Supply's products range from inflatable life rafts to life jackets and immersion suits.
"Bringing Revere's commercial business within the Survitec Group is a vital strategic step in expanding our marine business, both in the USA and globally," Survitec Group CEO Doug Baxter said in a statement.
"Revere has an extensive range of products and has built an excellent reputation with its global customer base," he added. "We will look to take advantage of its impressive product range and excellent customer service philosophy to ensure we maintain our competitive advantage within the safety and survival industry."
Key members of the Revere team will join Survitec to ensure continuity of customer service and assist Survitec in its expansion plans in the United States and worldwide, the company said.
The newly acquired business will become Survitec Survival Products Inc.
