ShippingWatch

Supreme: EMS Seven Seas to dominate globally

American Supreme Group now owns 90.04 percent of the shares in Norwegian EMS Seven Seas. The ambition is for EMS Seven Seas to dominate the market for ship supply by 2017, says the new owner.

American Supreme Group is now officially the owner of Norwegian ship supply company EMS Seven Seas. The transaction was completed on Friday and Supreme thus owns 90.04 percent of the shares in EMS Seven Seas. And the Americans are pleased. Supreme Group has in particular specialized in working with the US Army by, among other things, delivering supplies to US troops in war zones such as Afghanistan.

"We are excited to announce completion of the acquisition of EMS Seven Seas, which is a great company with a strong brand loyalty," says Supreme Group CEO Theo Reichert in a statement.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Maersk Tankers CEO sees no reason to merge tanker carriers

It has long been discussed, and the chief executive of a competitor points to Maersk Tankers as a driver in the tanker sector's consolidation race. However, Maersk Tankers CEO Christian M. Ingerslev does not see much sense in combining balance sheets, he tells ShippingWatch.

Further reading

Related articles

Latest news

See all jobs