The OASE Group, headquartered in Hörstel, Germany, announced that it has acquired GeoGlobal Partners, West Palm Beach, Florida. The transaction has closed with immediate effect, but terms were not disclosed. The acquisition is to strengthen the market position of OASE North America.
GeoGlobal Partners markets to the beginner-to-intermediate water gardening segments in various distribution channels in the U.S., Canada, and Mexico. Through the acquisition, OASE can now provide a full range of product diversity in North America as they have in the European market.
“Second to Europe, the North American market for water gardening has the greatest potential,” said Ansgar Paul, CEO of OASE. “We are convinced that our cooperation, with the successful and dynamic team of GeoGlobal Partners, offers excellent prospects for our future business,” he added.