Fender Innovations from Wieringerwerf, the Netherlands, manufactures lightweight fender systems for fast-sailing vessels. The company has now completed the acquisition of PolyMarine Service, based in Vlaardingen, which produces cast fender systems for slightly heavier workboats.
Both companies will now form part of the Fender Innovations Group. PolyMarin will change its name to Poly Marine Fender Systems to better reflect the scope of the business, but it will continue to operate from its current location.
For Fender Innovations, this is the first acquisition since the company was founded in May 2012. The company continues to grow and has reported a 25 per cent rise in production across the whole of 2021. Some 85 percent of the fenders manufactured by the company are intended for export to around forty different countries.
Technical director of Fender Innovations, Koos Bijsterveld, expects the acquisition of PolyMarine Service to lead to further growth in production: ‘As a result of the acquisition, from now on we will be able to offer our international customer base a much wider range of innovative fender systems. The products from the two companies complement each other perfectly.’
Erik de Neef, chairman of the board of the Koninklijke Roeiers Vereniging Eendracht (KRVE) and Peter Budde, founder and co-owner of PolyMarine Service, share this opinion. ‘We are delighted that PolyMarine Service, a company established in 2007, finds itself in good hands with a solid partner like Fender Innovations, and will be able to expand further in the maritime sector.’
Vlaardingen base will continue to operate
The Vlaardingen base of the newly acquired company will continue to operate. Because many of the customers of Fender Innovations are located in the port of Rotterdam, it is useful to also have a production location and a warehouse in which stock products can be stored, in the area.
Although the shares of PolyMarine Service were officially transferred on 24 March, the acquisition of the company is effective from 1 January 2022.
Picture by Fender Innovations.
