DredgeMasters International, Inc. of Hendersonville, Tenn., a subsidiary of Valley Industries, has announced the signing of a letter of intent to acquire Aquamarine Corporation of Waukesha, Wis., one of the world's leading manufacturers of aquatic vegetation control equipment.
This highly specialized equipment is utilized in removing aquatic weeds from lakes, canals, and waterways. Aquamarine manufactures a variety of machines that offer solutions to the basic problems of aquatic weed control including harvesting, transporting, and conveying.
DredgeMasters is well-known for designing and manufacturing portable hydraulic cutter suction dredges. According to Don C. Killom, president of DMI, "The acquisition of Aquamarine is a natural complement to the DMI line of products and services and will further enhance our strength in the waterways and marine construction industries." Aquamarine is to be an operating subsidiary of DredgeMasters International. The Aquamarine division of NMI will be headed by Brate Bryant, who will serve as president of the division. Aquamarine was founded in 1968.