Wrist Group Enhances Its Presence on the US East Coast with Acquisition
Wrist Group, a leading name in the marine supply and logistics sector, has recently announced a significant strategic move by acquiring Delaware Ship Supply (DSS), a well-established ship supplier in Camden, NJ. This acquisition is not only a testament to Wrist's commitment to expanding its operations along the U.S. East Coast but also enhances its service offerings to customers in the region.
Founded in 1904, DSS has been serving both American and international customers, offering tailored marine supplies and services across major ports including New York, Pennsylvania, New Jersey, Delaware, and Maryland. Jens Holger Nielsen, the Group CEO of Wrist, expressed enthusiasm over the acquisition, stating, "We are excited to welcome Don Rush and his team into the Wrist family. DSS has spent over a century establishing a solid reputation in the maritime supply industry, and we believe that our collaboration will create substantial benefits for our clients."
This partnership presents an opportunity to leverage Wrist's global network while utilizing DSS's local expertise. Don Rush, the CEO of DSS, acknowledged the benefits that coming under the Wrist umbrella will bring, highlighting the potential for expanded customer offerings internationally and enhanced service delivery through advanced digital platforms. He confidently mentioned that this merger would significantly improve their service capability, stating, "This collaboration allows us to serve our customers more effectively."
The acquisition is seen as a strategic addition for Wrist as it continues to strengthen its commercial and operational presence in the highly competitive U.S. East Coast maritime market. The Chairman of Wrist, Will Hanenberg, noted that this combination would allow for a more efficient workflow that could deliver higher value services to customers across the East Coast corridor.
This move aligns with Wrist’s broader strategy of expanding its reach and service offerings. As the maritime industry increasingly leans towards digital transformation, Wrist Group has already established itself as a pioneer in streamlining marine supply chains and procurement processes, thus improving operational efficiency and customer satisfaction.
In addition to its business expansion, Wrist has a firm commitment to sustainability. The company actively works toward reducing its environmental impact while addressing the market's growing need for responsible solutions. By integrating Delaware Ship Supply's services, Wrist intends to enhance sustainability in its supply chain processes.
As the operational landscape for maritime logistics evolves, this acquisition will enable Wrist to respond more dynamically to customer demands while ensuring that its operations adhere to sustainability standards.
Headquartered in Aalborg, Denmark, Wrist Group operates across 35 global locations, covering more than 750 ports worldwide. The company's focus extends beyond just supplying marine goods; it prepares for a future in which digital solutions play a critical role in logistics and operational management. With a commitment to enhancing service through technology and sustainability, Wrist Group aims to remain at the forefront of the maritime supply industry.
Founded in 1992, J.F. Lehman Company has cultivated a specialized focus on investment within niche sectors such as aerospace, defense, maritime, and environmental services. With more than $8 billion in assets under management, the firm has positioned itself as a significant player in the investment landscape, further bolstering Wrist Group's capabilities through strategic acquisitions.
For further details about Wrist Group and its extensive operations, visit www.wrist.com.
About the Acquisition
Founded in 1904, DSS has been serving both American and international customers, offering tailored marine supplies and services across major ports including New York, Pennsylvania, New Jersey, Delaware, and Maryland. Jens Holger Nielsen, the Group CEO of Wrist, expressed enthusiasm over the acquisition, stating, "We are excited to welcome Don Rush and his team into the Wrist family. DSS has spent over a century establishing a solid reputation in the maritime supply industry, and we believe that our collaboration will create substantial benefits for our clients."
This partnership presents an opportunity to leverage Wrist's global network while utilizing DSS's local expertise. Don Rush, the CEO of DSS, acknowledged the benefits that coming under the Wrist umbrella will bring, highlighting the potential for expanded customer offerings internationally and enhanced service delivery through advanced digital platforms. He confidently mentioned that this merger would significantly improve their service capability, stating, "This collaboration allows us to serve our customers more effectively."
Strengthening Presence on the U.S. East Coast
The acquisition is seen as a strategic addition for Wrist as it continues to strengthen its commercial and operational presence in the highly competitive U.S. East Coast maritime market. The Chairman of Wrist, Will Hanenberg, noted that this combination would allow for a more efficient workflow that could deliver higher value services to customers across the East Coast corridor.
This move aligns with Wrist’s broader strategy of expanding its reach and service offerings. As the maritime industry increasingly leans towards digital transformation, Wrist Group has already established itself as a pioneer in streamlining marine supply chains and procurement processes, thus improving operational efficiency and customer satisfaction.
Commitment to Sustainability
In addition to its business expansion, Wrist has a firm commitment to sustainability. The company actively works toward reducing its environmental impact while addressing the market's growing need for responsible solutions. By integrating Delaware Ship Supply's services, Wrist intends to enhance sustainability in its supply chain processes.
As the operational landscape for maritime logistics evolves, this acquisition will enable Wrist to respond more dynamically to customer demands while ensuring that its operations adhere to sustainability standards.
About Wrist Group
Headquartered in Aalborg, Denmark, Wrist Group operates across 35 global locations, covering more than 750 ports worldwide. The company's focus extends beyond just supplying marine goods; it prepares for a future in which digital solutions play a critical role in logistics and operational management. With a commitment to enhancing service through technology and sustainability, Wrist Group aims to remain at the forefront of the maritime supply industry.
About J.F. Lehman Company, Inc.
Founded in 1992, J.F. Lehman Company has cultivated a specialized focus on investment within niche sectors such as aerospace, defense, maritime, and environmental services. With more than $8 billion in assets under management, the firm has positioned itself as a significant player in the investment landscape, further bolstering Wrist Group's capabilities through strategic acquisitions.
For further details about Wrist Group and its extensive operations, visit www.wrist.com.
Topics Business Technology）
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