T-H Marine Supplies, Inc., of Huntsville, Ala. acquired the Oxygenatorâ„¢ and U2 Pro Formulaâ„¢ product line assets of O2 Marine Technologies, Inc. of Shorewood, Minn. Financial terms of the deal were not disclosed.
“We are very pleased to announce the acquisition of the O2 Marine product line assets,” T-H Marine’s President and CEO, Jeff Huntley, stated. “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. Dennis has worked hard building this business from scratch and we are thankful he is going to help us insure 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 fisherman. We have been a top supplier of plumbing components for boat livewell 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,” Dennis Clark, president of O2 Marine said. “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 Oxygenatorâ„¢ and the U2 Pro Formulaâ„¢. 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.”