Dubai: Supreme Group has today announced the completion of the purchase of EMS Seven Seas.
Supreme now owns 90.04% of the total outstanding shares in EMS. Supreme will make a mandatory offer to the remaining shareholders in the company in due course.
“We are excited to announce completion of the acquisition of EMS Seven Seas, which is a great company with strong brand loyalty,” said Theo Reichert, CEO, Supreme Group.
“By integrating ship supply services to our existing portfolio of supply chain solutions, we are well positioned to serve the evolving needs of both military and commercial clients. We are prepared to make investments to ensure EMS Seven Seas becomes the global leader in commercial ship supply within three years, and we look forward to working closely with their teams around the world to make this happen, merging our organizations to leverage operational synergies to their fullest potential,” Reichert added. [23/06/14]