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OBCI - Ocean Bio

Ocean Bio logoOcean Bio-Chem, Inc., with the ticker symbol OBCI, is a manufacturer and distributor of maintenance and appearance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment industries. The company's products include cleaning and maintenance products, fuel additives, and personal care products. Here's an extended company report for Ocean Bio-Chem, Inc.:

Ocean Bio-Chem, Inc. was founded in 1973 and is headquartered in Fort Lauderdale, Florida. The company manufactures and distributes a wide range of maintenance and appearance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment industries.

Ocean Bio-Chem's product line includes cleaning and maintenance products, fuel additives, and personal care products. The company's Star brite brand is a well-known name in the marine industry, and its products are sold in over 70 countries worldwide.

The company's manufacturing facilities are located in Montgomery, Alabama, and Cincinnati, Ohio. Ocean Bio-Chem has a distribution network that includes major retailers, distributors, and e-commerce sites.

As of March 18, 2023, Ocean Bio-Chem, Inc. had a market capitalization of approximately $60 million. The company's revenue for the year ended December 31, 2021, was $42.5 million, an increase of 26.4% compared to the previous year.

Ocean Bio-Chem, Inc. operates in a competitive industry and faces risks associated with changes in demand for its products, changes in raw material costs, and the potential for increased competition. The company's future growth will depend on its ability to continue to innovate and develop new products that meet the changing needs of its customers.

In conclusion, Ocean Bio-Chem, Inc. is a manufacturer and distributor of maintenance and appearance products for the marine, automotive, power sports, recreational vehicle, and outdoor power equipment industries. The company's products include cleaning and maintenance products, fuel additives, and personal care products, and are sold in over 70 countries worldwide. While the company faces risks associated with operating in a competitive industry, its revenue growth and established distribution network demonstrate its potential for continued success in the future.

 



 

 

 
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