Drew Names Medved Regional Sales Manager
Maritime Sales Veteran Steve Medved Named New Regional Sales Manager at Drew Marine. Drew Marine welcomed Steve Medved as Regional Sales Manager, North America on May 1, 2012. Mr. Medved will be responsible for executing Drew Marine’s technical solution strategies in North America. Mr. Medved has 30 years of technical experience and market knowledge in the maritime industry. Most recently, he served as Nalfleet’s Head of Sales in the Americas. In his new position, Steve will report to Michael Cassaras, Senior Vice President of Sales and will provide a key service and support resource for Drew Marine’s clients. Mr. Cassaras, stated “This…
Drew Marine Completes Acquisition of Chemring Marine
Affiliates of Drew Marine (Drew Marine) completed of the previously announced acquisition of Chemring Group PLC’s (Chemring) maritime interests for cash consideration of £32 million. Under Drew Marine's ownership, the acquired business will be named Drew Marine Signal and Safety (DMSS). DMSS is the world's leading supplier of marine distress signals including handflares, manoverboard buoys, line-throwers and other required rescue products under established brands including Pains Wessex, Comet, Aurora and Oroquieta. The Company's products are produced in Bremerhaven, Germany; Pamplona, Spain; and Lara, Australia. The business will continue to be headquartered in Hampshire, UK.
Drew Marine Acquires Chemring Marine
Affiliates of Drew Marine (“Drew Marine”) have reached a definitive agreement with Chemring Group PLC (“Chemring”) to acquire Chemring’s maritime interests (“Chemring Marine” or the “Company”) for a cash consideration of £32 million, subject to standard closing adjustments. Under Drew Marine’s ownership, the business will be named Drew Marine Signal and Safety (“DMSS”). Chemring Marine is the world’s leading supplier of marine distress signals including handflares, manoverboard buoys, line-throwers and other required rescue products under established brands including Pains Wessex, Comet, Aurora and Oroquieta. The Company’s products are produced in Bremerhaven, Germany; Pamplona, Spain; and Lara, Australia. The business will continue to be headquartered in Hampshire, UK.
Drew Marine Funded to Acquire Chemring’s Rescue Division
Babson Capital provides US$12-million In subordinated debt to support Drew Marine acquisition of Chemring Marine Group’s Rescue Division. Babson Capital Management LLC, a global investment manager with $149 billion in assets under management and operations on four continents, announce it provided $12 million in mezzanine debt to support Drew Marine LLC’s acquisition of the Chemring Marine Group’s Rescue Division. Under Drew Marine’s ownership, Chemring’s Rescue Division will be renamed Drew Marine Signal and Safety. Drew Marine Signal and Safety is the world’s leading supplier of marine distress signals to the commercial shipping and leisure markets. The Company’s products are marketed under established brand names including Pains Wessex, Comet, Aurora and Oroquieta.
Drew Marine Christens New Headquarters
Drew Marine, a worldwide supplier of water treatment, fuel management, safety, maintenance and cleaning products to the maritime industry, celebrated its first year under J.F. Lehman’s private equity ownership on September 13 and held a ribbon-cutting ceremony to celebrate its new corporate headquarters. Whippany Mayor, John Sheridan, Chairman and Founding Partner of J.F. Lehman & Company and former Secretary of the Navy, John Lehman, and J.F. Lehman & Company Partner and Chairman of Drew Marine’s Board of Directors…
Finnegan Joins Drew Marine As Manager
The Drew Marine Division of Ashland Specialty Chemical Company has elected John C. "Jack" Finnegan as manager of new business development. Finnegan, who comes to Drew Marine from Newport News Shipbuilding, will be responsible for identifying and developing new business opportunities to expand the range of products and services Drew Marine offers to the marine industry. He will also manage start-up operation and global implementation for the company's new business ventures and product lines.
Drew Marine's Acquisition of Chemring Marine Completed
Drew Marine has completed the acquisition of the Chemring Marine business, now named Drew Marine Signal and Safety (DMSS). 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 business, under recognized brands such as Comet, Pains Wessex, Oroquieta and Aurora. DMSS offers a large selection of SOLAS compliant products sold through an unparalleled distribution network in 80 countries. It also sells signal and safety products to the non-SOLAS/leisure market. Len Gelosa, Drew Marine’s President & CEO said “As a global organization…
Newly Merged Drew Marine and ACR under New Ownership
Drew Marine announced it is merging with ACR Electronics, Inc., a global provider of safety products and solutions to the aviation, marine, military and commercial markets worldwide. ACR’s core products include life-saving devices such as rescue beacons, safety lights, and other safety equipment which have been sold for decades under the ACR and Artex brands. Drew Marine is a global provider of technical solutions and services to the maritime and offshore industries specializing in fire, safety and rescue (FSR), water treatment, maintenance chemicals, fuel management and welding and refrigeration products. “The addition of ACR to Drew Marine is part of our strategy to expand our offerings in the safety and rescue markets,” said Len Gelosa, Drew Marine President and CEO.
Evoqua, Drew Marine Ink BWMS Deal
Evoqua Water Technologies and maritime solutions and logistics expert, Drew Marine, have announced a partnership to provide a full compliance package for ballast water management. The collaboration brings together Evoqua’s technology and Drew Marine’s engineering, logistics and service expertise to offer ship owners and operators expert assistance worldwide. The partnership will centre around Evoqua’s industry-leading SeaCURE Ballast Water Management System (BWMS). Both parties will collaborate during the SeaCURE BWMS sales process for new build vessels and retrofit opportunities.
Drew Marine Division To Distribute Draeger Safety's Personal Air Fitration Systems
Drew Marine and Draeger Safety have agreed to name Drew Marine the distributor for Draeger's complete line of self-contained breathing apparatus and gas detection equipment throughout the United States, Canada and Mexico. Per the agreement, Drew Marine will now offer its marine industry customers and marine fire and safety inspection providers the full range of Draeger products. Draeger's principal product lines being offered by Drew Marine include: electronic gas detection measuring and monitoring instruments; self-contained breathing apparatus; Draeger Tubes and Draeger CMS spot measurement gas and vapor sampling.
Drew Marine Sold on to The Jordan Company by J.F. Lehman
Leading middle-market private equity firm focused on the maritime, defense and aerospace sectors, J.F. Lehman, has sold its portfolio company Drew Marine to affiliates of The Jordan Company. With a corporate heritage that dates back to 1928, Drew Marine is the leading independent global manufacturer and provider of advanced performance chemicals and safety solutions to virtually every sector of the international maritime and offshore markets. Terms of the transaction were not disclosed. Since acquiring Drew Marine in 2009, J.F. Lehman worked successfully with the companys management team to reinvigorate Drew Marine's core business of providing global maritime customers (representing over 11…
Ieva And Cassaras Promoted At Ashland Specialty Chemical
Drew Marine, a division of Ashland Specialty Chemical Company, recently announced two promotions in its Boonton, N.J., headquarters. Ron Ieva, who has held positions at Drew Marine as senior product manager, area manager for the Southeast and Caribbean, and cruise industry business manager, has been promoted to regional sales manager for the Americas. Mike Cassaras, who has been southeast and Caribbean area manager and regional sales manager for the Americas, will now assume global responsibility as business manager for Drew Marine Safety. BSME from the Marine Maritime Academy. After attending the University of Florida, Cassaras began his career in the marine industry in 1975. Prior to his positions at Drew, he was President and Founder of Atlas Marine Services, Inc.
Drew Marine Completes Aqcuisition of Alexander Marine & Safety
Drew Marine has completed the acquisition of Alexander/Ryan Marine and Safety Inc., and it will join the organization under the name Alexander/Ryan Marine & Safety division of Drew Marine. With locations in the United States (Louisiana and Texas) and in the United Kingdom, the division brings 82 new employees to Drew Marine. Alexander/Ryan Marine & Safety is a manufacturer and distributor of fire, safety and rescue equipment to the Offshore and Marine markets. Alexander/Ryan offers a variety of high quality products and services…
Drew Marine and ESAB Form Alliance
Ship operators will gain the benefits of leading technology from the world's largest manufacturer of welding and cutting equipment and consumables as the result of a new alliance between Ashland Specialty Chemical Company's Drew Marine Division and ESAB Welding & Cutting Products. According to the alliance agreement, Drew Marine will supplying ESAB stick and covered electrodes in bulk for shipboard maintenance, repair and steel renewal projects. The agreement also formalizes the companies' intent to explore other areas of mutual interest with the expectation of significantly expanding the range of proven ESAB solutions that will become available for marine use through Drew Marine's global distribution and support network.
RSC Bio Solutions, Drew Marine Ink Distribution Deal
RSC Bio Solutions and Drew Marine announced a new global marine distribution partnership at a press event held at Nor-Shipping’s annual conference in Oslo, Norway. This strategic alliance creates enhanced global availability for RSC Bio Solutions’ high performance environmental lubricant offerings. With Environmentally Acceptable Lubricants (EALs) growing quickly in the global marine market and demand from shipowners expanding into a wider range of auxiliary lubricant and grease applications…
Ashland's Drew Marine to Supply Carnival Cruise Lines
Carnival Cruise Lines has renewed a multi-year contract for Drew Marine products and services announced Ashland Specialty Chemical Company. The contract amount was not disclosed. needs. chemicals. Carnival ships. Drew Marine. employees. minimizing environmental impact and waste. waste.
Drew Marine Acquires NAL Research Corporation
Drew Marine, a provider of technical solutions and services for the maritime, defense and aviation industries, announced its acquisition of NAL Research Corporation, a designer and manufacturer of Iridium tracking and communications equipment. The financial terms of the acquisition were not released. NAL Research will team up with ACR Electronics, Inc., a brand of Drew Marine known as a leader in safety and survival technologies. The acquisition allows Drew Marine to expand its footprint into the Iridium tracking and communication product offering. NAL brings an experienced research and development team that specializes in Iridium satellite modems and tracking terminals from design through integration for the defense, research and commercial sectors.
Ashland to Sell its Marine Services Business
On June 22 Ashland Inc. (NYSE:ASH) announced it has signed a definitive agreement to sell its global marine services business, known for many years as Drew Marine, to J. F. Lehman & Co. in a transaction valued at approximately $120m before tax. Ashland’s after-tax proceeds will be used to reduce debt. “This transaction will be a win for all parties,” said James J. O’Brien, Ashland chairman and chief executive officer. “For Ashland, this reflects our strategy to strengthen our core specialty chemical businesses while reducing our investment in non-core or non-strategic businesses. For J. F. Lehman & Co., the acquisition of Drew Marine represents an opportunity to acquire a leading global brand with strong market positions and prospects for growth.
‘Choice Alliance’ Formed to Serve BWT Market
A strategic alliance between Choice Ballast Solutions and Drew Marine has been formed to provide vertically integrated capabilities within the ballast water treatment (BWT) market. The two firms have joined to form “Choice Alliance” which will provide ship owners with -BWT compliance planning, integration engineering, project management, fabrication, installation, compliance assessment and service. Choice Alliance will also develop additional resources as sub-contractors to support necessary activities in the BWT industry. Choice Ballast Solutions specializes in the application, installation and project management of all types of ballast water treatment systems for both new-build and retrofit vessels.
Sobon CFO of Drew Marine
Drew Marine USA, Inc. announced the appointment of Walter Sobon as Senior Vice President and Chief Financial Officer. Sobon will be responsible for all finance and treasury functions, information systems and financial strategic planning. Sobon joins Drew Marine from Constar International Inc., an $800m publicly traded manufacturer of plastic containers, where he was CFO. Prior to Constar, Sobon was CFO for VWR International, a $2.8b provider of chemicals, equipment and services.
Ashland Drew Marine Releases New Catalog
Ashland Specialty Chemical Company's Drew Marine announced the release of the 6th edition of its Welding and Refrigeration Products catalog. The 41-page illustrated English-language catalog contains nearly 600 specialty products. Products comprise gas and arc welding and cutting equipment, including new AMERARCTM MSTW and GTSW arc welding machines, brazing consumables, and plasma cutting. The catalog also features innovative developments in Central Gas Installation Systems, such as the new design of MANY-FLOW gas distribution.
Drew Marine Announces New Central Gas Installation System
Ashland's Drew Marine announced today the release of the new MANY-FLOW(1) CGI (Central Gas Installation) Systems for onboard welding requirements. The MANY-FLOW design upgrades the traditional pipe-and-fittings construction of older oxygen and acetylene distribution systems. Easy to install, the unique, unit-body, three-gas control accommodates two or three cylinder inputs and provides a simple way to customize the CGI system of any ship. The MANY-FLOW system features a forged block assembly, is less prone to leaks, and offers increased safety, economy, and convenience of operation. "MANY-FLOW system raises the bar on safety, economy and ease-of-use in ship welding operations," says Rich Mansmann, marketing manager for welding and refrigeration products at Drew Marine.
Drew Marine Will Supply DPATM for Frontline
Frontline Management AS of Oslo, Norway. Company is a division of Ashland Inc. Scotland; and V-Ships (Germany) GmbH, Hamburg, Germany. Nels Hendrickson, Drew Marine vice president of marketing. times per engine revolution. analysis, and performance history comparisons.