Alabama-based T-H Marine Supplies acquired the Oxygenator and U2 Pro Formula product line assets of Minnesota-based O2 Marine Technologies.
Financial terms of the deal were not disclosed.
“We are very pleased to announce the acquisition of the O2 Marine product line assets. We have admired the work of Dennis Clark and O2 Marine team for many years and are proud to be able to add their great products to ours,” T-H Marine president and CEO Jeff Huntley said in a statement.
“Dennis has worked hard building this business from scratch and we are thankful he is going to help us ensure a smooth transition for our mutual customers. It is just fantastic to be able to offer the entire O2 Marine product line to our customers and fishermen. We have been a top supplier of plumbing components for boat live well systems for many years, and this product line fits perfectly with our desire to help fishermen catch and keep more fish.”
“I am very pleased that I am able to hand off these great fishing and conservation products to T-H Marine,” O2 Marine president Dennis Clark said in a statement. “I know my many years of research and development in building these products and this business will be carried on with the T-H Marine team. They are serious boaters and fishermen, and they can do great things to increase the availability and usage of the patented Oxygenator and the U2 Pro Formula. T-H Marine’s focus on quality products and excellent customer service are the main reasons I was willing to hand off my ‘baby’ for them to continue the growth of so I can move on to my next venture.”
T-H Marine and O2 Marine have had many common customers and have worked to improve the survival of bait and sport fish in the recreational marine business for many years, Huntley said.
T-H Marine has been manufacturing parts and accessories for recreational boats since 1975. Clark formed O2 Marine in 2006 to produce conservation products for bait well and live well systems.
“This is a rare opportunity for two product lines that are world leaders in different but associated categories to join together to help sport fishermen keep their bait and catch alive,” Huntley said. “We will hold a very strong market leader position that will allow us to serve our customers even better.”