Business Description
We are principally engaged in the manufacture, marketing and distribution of
a broad line of appearance, performance and maintenance products for the marine,
automotive, power sports, recreational vehicle and outdoor power equipment markets,
under the Star brite® and Star Tron® brand names. We sell these products
within the United States of America and Canada. In addition, we produce private
label formulations of many of our products for various customers and provide
custom blending and packaging services for these and other products. We also
manufacture, market and distribute disinfectant, sanitizing and deodorizing
products under the Performacide® and Star brite® brand names, utilizing
a patented delivery system for use with products containing chlorine dioxide.
Ocean Bio-Chem, Inc. was incorporated in 1973 under the laws of the state of
Florida. In 1981, we purchased, from Peter G. Dornau and Arthur Spector, the
co-founders of the Company, rights to the Star brite® trademark and related
products for the United States and Canada. Mr. Dornau, our Chairman, President
and Chief Executive Officer, has retained rights to these assets with respect
to all other geographic areas. Accordingly, products we manufacture that are
sold outside of the United States and Canada are purchased from us and distributed
by two companies owned by Mr. Dornau.
We are proceeding with a project to expand the manufacturing warehouse and
distribution facilities of our subsidiary, Kinpak, Inc. ("Kinpak")
in Montgomery, Alabama. As currently contemplated, the project will entail an
approximately 85,000 square feet addition to the facilities and an expansion
of Kinpak’s outdoor blended tank farm to accommodate an additional 500,000
gallons in tank capacity, thereby doubling the tank farm’s current capacity.
%
2.55%