Deal snapshot: OneWater Marine to Acquire Marine Industry Supplier Ocean Bio-Chem for USD 125m.

MANews-(C)2009-2022

US-based marine retailer OneWater Marine Inc. (NASDAQ: ONEW) has agreed to acquire Florida-based marine industry supplier Ocean Bio-Chem, Inc. (NASDAQ: OBCI) for USD 13.08 per share, in an all-cash transaction valued at approximately USD 125m, the company said.

As part of the transaction, OneWater will also acquire OBCI's affiliate, Star Brite Europe, Inc. Upon closing of the...

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