Alliance Marine Group acquired 3SI Group. Terms were not disclosed.
France-based Alliance Marine Group owns seven companies: VDM-REYA, SEIMI, Accastillage Diffusion, Kent Marin and Plastimo in France; BukhBremen in Germany; and FNI in Italy. Before the 3SI acquisition, the company had 450 workers. Last year, it had sales of $156 million (€135 million).
The 3SI Group comprises 10 brands, including Ocean Safety, Typhoon, ISP and Revere. Last year it had sales of $41 million (€35 million). The acquisition will add 250 workers to Alliance Marine Group.
A statement said that Alliance’s growth strategy is based on organic and external growth from acquisitions.
“Internal growth requirements give every company a real commitment to tight management and positive financial results,” said Jean-Paul Roche, founder and CEO of Alliance Marine, in a statement. “In addition, our acquisition strategy enables Alliance Marine to increase its geographical footprint and products portfolio, as well as enlarge markets segments exposure.”
The company said it has expanded internationally with the acquisitions of BukhBremen in Germany and FNI in Italy. “With 3SI and its strong brands Ocean Safety, Typhoon, ISP and Revere, Alliance Marine has made a major step while strengthening its safety products division and commercial segment exposure,” Roche said.
Roche said that Alliance “teaming up” with Ocean Safety, Typhoon and Revere will create “bridges and opportunities” for its Plastimo brand.
The statement said that 3SI operations (sales offices, factories, teams) will stay in place. Andrew Richards, 3SI CEO, along with senior managers Alistair Hackett and Jon Crossland, also will remain.
“This will allow the 3Si activities to accelerate their development,” Richards said. “We share the same culture of customer-centricity and willingness to propose in-house designed innovations.”