Meritaito and Lamor have concluded an agreement whereby Lamor will acquire Meritaito's oil spill response equipment operations marketed under the brand name SeaHow.
"We have worked well together in the oil spill response field, and this acquisition will strengthen and open up further new possibilities", said Fred Larsen, President and CEO of Lamor.
"Through this acquisition, we strengthen our product portfolio in terms of shallow water oil spill response. Through Lamor's sales network, these products can now be introduced into international markets."
A statement from Lamor said the the acquisition would not affect the companies' employees.
