Drew International acquires Trac-Ecological
Drew International has acquired Trac-Ecological, a Florida-based supplier of environmentally friendly chemical solutions for yachts and other pleasure boats. The acquired business, whose products include descalers, cleaners, degreasers, flushing units, and accessories, will fall under the Drew Marine Segment.
“We are excited to add the Trac brand of products to the Drew family as it allows us to fill out our portfolio of maritime solutions and it represents a natural fit for our Marine Segment,” said Frank J. Monteiro, President and CEO of Drew International, in a press release. “This line of products has a long, successful history and we are excited for the future it will bring to this particular segment.”
“The acquisition by Drew Marine will be a great benefit to our customers,” added Patrick Leclerc, President of Trac-Ecological said. “Drew will bring resources that were not available to Trac that will allow for even better access to our marine chemical solutions.”
Drew Marine will move the production of the product line to its manufacturing center in Waterbury, CT. In conjunction with the deal, Drew will also open a showroom and service center in the Fort Lauderdale area that will be the home of its yacht and leisure boat operations.
