New signage reflects change at Moeller Marine in Sparta
by Bobby Lee McCulley | December 7, 2017 6:34 am
Last Updated: December 7, 2017 at 6:38 am
A long time industry that has called Sparta its home for over 27 years is undergoing changes in ownership while still remaining committed to White County.
Earlier this year, it was announced that a proposed deal was being finalized between the Moore Company and SeaStar Solutions Inc. for the purchase of Moeller Marine. Recently, the sale of Moeller Marine, which is located at 801 N. Spring St., was finalized as evident with the changing in the signage located on the Moeller Marine manufacturing facility, in Sparta.
SeaStar Solutions, which is a leading supplier of marine steering and control systems, fuel systems, engine parts, and related products, announced that it had successfully acquired Moeller Marine Products, the Sparta-based manufacturer of rotationally molded plastic products. Moeller, who recently celebrated its 27th anniversary, has established itself as one of the largest roto-molders in the marine industry.
While being well-known for their marine based fuel tanks, Moeller manufactures a wide range of roto-molded products for boat builders and boaters alike, including motor flushers, seating, live wells, waste and water tanks, and engine paints.
“We first approached Moeller regarding an acquisition back in 2012,” said Yvan Cote, president and CEO of SeaStar Solutions.
“We have pursued them for five years, so we are extremely happy to add Moeller to our portfolio. “Given the new environmental regulations, fuel systems are an increasingly important part of any powerboat. With the addition of Moeller, SeaStar Solutions becomes the clear leader in this important field.
“We, at SeaStar Solutions, continue to expand our capabilities to better serve the marine industry. By integrating an increasingly varied range of products, we can offer the boat builders a simpler, more cost-efficient way to manage their supply chain.”
Moeller will continue to operate out of its Sparta manufacturing headquarters. SeaStar Solutions, which is a portfolio company of American Securities LLC, stated transitions between the owners of Moeller Marine would not affect the daily operations of the Sparta facility.