Performance Inflatables Acquires SUBSALVE
Engineered inflatables manufacturer SUBSALVE USA has been acquired by Performance Inflatables Company, and will continue to operate at its current location with its current staff as a subsidiary of Performance Inflatables Company.
“The additional support, resources, and knowledge of Performance Inflatables Company, will provide a force multiplier to SUBSALVE USA to continue and further accelerate its leading position and enhance its new products growth across the world,” said Richard Fryburg the founder of Subsalve USA in 1977 who has assumed the role of Chief Growth Officer.
Richard Heath who has joined the company in the role of CEO, said, “We have been impressed with Subsalve USA’s commitment to customers, its innovation, top quality reputation and dedicated staff throughout this process and we plan to support this great foundation in the years to come. Subsalve USA has been at the forefront of this industry working with the most demanding clients including the U.S .military, Oceaneering International Inc., McDermott Caspian Contractors Inc., Ardent and many other industry leaders across many sectors around the world. In addition, we look forward to adding to the capabilities of the business, and expand its impact regionally, globally and into adjacent product areas.”
February 2024
