T-H Marines completes 11th acquisition as it enters new markets
One of America’s largest manufacturers of boating and fishing accessories has gained a foothold in the anchoring and mooring categories with the 11th acquisition in its history.
Alabama-based T-H Marine has added BHP Marine to its family of businesses. Along with its well established retail presence, the newcomer to the ranks is well known for its anchors, anchor and dock lines and fenders.
The acquisition offers T-H Marine complementary product offerings with a successful plug-and-play e-commerce store and access to a network of customer relationships. It also brings brands that include Anchoring.com, Norestar and Komo Covers to its portfolio.
“We are excited about the acquisition of this dynamic company,” said T-H Marine CEO Jeff Huntley. “The addition of BHP’s proprietary product lines will give us an immediate foothold in the anchoring and mooring categories. Furthermore, its customer base and reach will position us deeper into the saltwater fishing and pleasure craft boat markets.
“Coupled with the strengths of our existing team, BHP’s group of e-commerce specialists will further our objective to capitalise on the explosive growth opportunities presented in all of the after-market channels for all our brands.
“We will continue to aggressively seek out great acquisitions – such as BHP – to increase the portfolio of awesome products that we offer to boating and fishing enthusiasts who love our brands.”