The former owner of the world’s largest aquarium company, Marina, is buying up some of its assets in the United States and will turn them over to a local company.
The acquisition is part of a $200 million deal between the two companies, which are now being marketed as a diversified global group.
“We will be selling some of our assets to a private company in the U.S. We have a strong relationship with the Marina family, so we have been very keen to make that transition,” Marina president Mark D. McDonough said in an interview at the company’s headquarters in Santa Monica.
“I think that this is going to be a very positive move for the community.”
He said that the purchase would be completed in early 2018.
“Marina Aquatic was founded in 1989 and has grown from being a family owned company into an industry leader in the aquarium industry with a global footprint.
As a result, the company has experienced tremendous growth,” McDonow said.
“The Marina brand has become synonymous with quality and a deep commitment to sustainability, while our brands diversify into new industries including pet foods, consumer electronics and other specialty markets.”
We have a long history of success with our brands and look forward to continuing to do so,” he said.
Mcdonough said the company had also acquired another company, which was part of an international consortium to develop the Marinas Aquatic Park in California.
The company plans to use the Marinos brand as a nameplate for its aquariums.
“While we will continue to operate under the Marinian name, we will use this brand to represent the Aquatic Products Group in the market in the future. “
This transaction will create a strong and cohesive brand identity that is easily accessible to customers worldwide,” Mcdonow said in a statement.
The Marinos Aquatic Group is based in New Zealand, but the Marins Aquatic parks were established in the US, Australia and New Zealand. “
In addition to this, we have acquired an additional company with a portfolio of aquaponics and aquaponic related products that are very much aligned with the Aquatics Group.”
The Marinos Aquatic Group is based in New Zealand, but the Marins Aquatic parks were established in the US, Australia and New Zealand.
The group was formed in 1990 and has been run by Marina for more than 30 years.
The Aquatic products Group includes companies that sell aquariums, filtration products, accessories, aquaculture, and other products to marine industries.
It was the largest aquarium and aquacultural company in Australia until it was taken over by SeaWorld in 2010.
The Australian government is also planning to introduce a new law this year that will force people to purchase a minimum of three aquariums a year for personal use, and to buy aquariums for their pets.
That law, the Aquarium Industry Supply Licensing Act, is expected to be introduced this year.
With files from The Canadian Press and The Associated Press