Stearns Inc. has signed a definitive agreement to acquire inflatable products manufacturer Sevylor Inc.
“For almost 60 years, Sevylor products have been a part of wonderful days on the water for people around the world”, according to Paul Ebnet, President of Stearns. “Stearns is excited to continue Sevylors tradition of offering innovative, high-quality products.”
“I am looking forward to the future of Sevylor in its new relationship with Stearns,” commented Conny Klimenko, President and CEO of Sevylor Inc.
Michael Lee, Owner and Chairman of Sevylor Inc., added, “I am excited about the opportunities for greater growth under Stearns and look forward to my continued association with Stearns and Sevylor.”
The agreement to acquire Sevylor is subject to customary closing conditions, including foreign regulatory approvals, and does not include any assets relating to Manta Ray inflatable towable products.