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OneWater Marine Inc. Announces Sale of Ocean Bio-Chem Holdings Inc.

OneWater Marine Inc. Announces Sale of Ocean Bio-Chem Holdings Inc.

Feb 9, 20262 min readRV PRO
Photo: wikimedia(Public domain)source

OneWater Marine Inc. , a move aimed at simplifying its business and allocating capital to core assets for long-term value creation. 5 million in annual interest expense savings.

This strategic sale is part of OneWater's broader efforts to sharpen its focus on core assets and enhance financial flexibility. By exiting a non-core brand, the company aims to improve its market position and competitiveness. The transaction also reflects OneWater's commitment to optimizing its portfolio and maximizing shareholder value.

As part of its long-term strategy, OneWater is focused on simplifying its business and allocating capital to areas with the strongest strategic fit. This sale enables the company to sharpen its focus on core assets and enhance financial flexibility, ultimately benefiting shareholders. The deal marks a significant milestone in OneWater's efforts to strengthen its balance sheet and position itself for long-term success.

OneWater Marine Inc. Announces Sale of Ocean Bio-Chem Holdings Inc. - image 2

By reducing debt and generating cost savings, OneWater is poised to drive growth and improve profitability. 70. 88 billion.

The company's focus on core assets and long-term value creation is expected to drive growth and improve profitability in the years ahead. By optimizing its portfolio and allocating capital to areas with the strongest strategic fit, OneWater is well-positioned for success and poised to deliver strong results for shareholders.

EazyInWay Expert Take

This sale demonstrates OneWater's commitment to strategic optimization and long-term value creation. By exiting a non-core brand, the company is sharpening its focus on core assets and enhancing financial flexibility, which should drive growth and improve profitability in the years ahead.

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Source: RV PRO

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