Drew Marine completes acquisition of Chemring Marine
- By WorkBoat
Drew Marine has completed the acquisition of the Chemring Marine business, now named Drew Marine Signal and Safety. DMSS brings 125 new employees to Drew Marine with locations in Bremerhaven, Germany, Hampshire, UK, Pamplona, Spain, and Melbourne, Australia.
DMSS is a manufacturer and supplier of pyrotechnic marine distress signals, offering recognized brands such as Comet, Pains Wessex, Oroquieta and Aurora. It offers a large selection of SOLAS compliant products sold through a distribution network that spans 80 countries, Drew Marine says, and it also sells signal and safety products to the non-SOLAS/leisure market.
“As a global organization, it is imperative that we continue to grow in ways that support our mission of providing a superior brand, products and services to our customers,” says Len Gelosa, Drew Marine’s president and chief executive officer, in a company press release. Drew Marine Signal and Safety compliments Drew Marine’s expanding fire and safety business.
Drew Marine provides technical solutions and services to the marine industry. Its products and services include water treatment, fuel and energy management, maintenance chemicals and coatings, welding and refrigeration, sealing products and the fire, safety and rescue business.
Drew Marine was acquired by J.F. Lehman & Co., a middle-market private equity firm focused on the defense, aerospace and maritime sectors, in 2009.