Refit, repair, and construction shipyard Oceania Marine in New Zealand has reached an agreement to buy yacht interior manufacturer SMI. The company should take over operations by 1st October.
Oceania Group sees the purchase of SMI as the logical expansion of its existing shipyard facilities adding world-class interior joinery services to its customers. The two companies have a long association through refit and new build projects and are located close to each other in Port Whangarei, New Zealand.
Grant Willis, principle at SMI, is fully committed to marine projects in Croatia and has decided to base himself there. As a consequence the business was offered to Oceania Marine who gladly accepted.
Martin Gleeson, Oceania Marine MD, comments: “Marine interiors are often an important part of our projects at the shipyard and with the opening next month of the Port Whangarei Marine Centre we see this requirement growing.
“SMI is a key sub-contractor and we wished to preserve the quality and competitive pricing that they offered us. (…) Adding the SMI brand with its world class reputation and innovative processes to our stable would add massive value to Oceania Marine’s offerings to clients.”
SMI operates a modern, efficient interiors factory and currently employs 20 staff completing the interiors for everything from superyachts to warships to luxury residences.
As part of the acquisition, SMI will retain its own identity (SMI Ltd) but will be incorporated into Oceania Marine Group, who is totally committed to upholding SMI’s core values of flexibility, absolute quality and total customer satisfaction.
Oceania Marine has appointed Doug Black as general manager. Black, a very well known professional in this sector, is tasked with driving sales to grow the company.
SMI has work in hand, which Oceania Marine will complete including a large new interior for a refit currently underway at Oceania Marine’s North Shipyard.