Wrist Group expands U.S. East Coast coverage, acquires Delaware Ship Supply

Wrist Group ("Wrist"), a global leader in marine supply, logistics and budget management services for the maritime industry and a portfolio company of an investment affiliate of J.F. Lehman & Company, LLC ("JFLCO"), has announced the acquisition of Delaware Ship Supply ("DSS"), a well-recognized ship supplier headquartered in Camden, NJ. 

Founded in 1904, DSS provides a broad portfolio of customized services, including provisions, stores, technical products and spare parts logistics.

Jens Holger Nielsen, Group Chief Executive Officer at Wrist, commented, "We're excited to welcome Don Rush and his colleagues in Delaware Ship Supply. With more than 100 years of experience, Delaware Ship Supply has built a strong reputation serving American and international customers with marine supplies across the major ports of New York, Pennsylvania, New Jersey, Delaware and Maryland. I am confident that our customers will benefit from the combined capabilities and synergies of Wrist and Delaware Ship Supply."

Don Rush, Chief Executive Officer of DSS, added, "As part of Wrist, Delaware Ship Supply gains significant opportunities beyond traditional ship supply. We will be able to expand our customer offerings overseas through the global Wrist network and enhance our customer value proposition through Wrist's advanced digital customer platforms. But most importantly, partnering with Wrist will allow us to serve our customers more effectively."

"The acquisition further strengthens Wrist's commercial and operational presence along the U.S. East Coast corridor and represents a highly strategic addition to the business. The combination enhances Wrist's capabilities and positions the company to deliver faster, more efficient service and greater value to customers across the region," said Will Hanenberg, Chairman of Wrist and Managing Director at JFLCO.