Super Vision International has purchased Sanford, FL-based Oasis Falls International for 31,250 shares of Super Vision stock; the acquisition is structured as an asset sale, including Oasis Falls' products, patents, and trade names.
Oasis Falls makes a line of sheet flow waterfalls for residential and commercial pools, fountains, and water features; many of the designs have been adapted to be lit by fiber optics. Super Vision will manufacture the fiber-optic units at its Orlando headquarters under the name Oasis Waterfalls LLC.
"This represents a great opportunity to expand Super Vision's product line in its existing swimming pool and worldwide markets," says Super Vision president and CEO Brett Kingstone. "In addition, great potential exists for this line in commercial and architectural applications."