Sitnasuak Native Corporation Subsidiary Acquires MOCEAN Holding Company, LLC
MOCEAN President Bill Levitt is excited to announce that on July 20, 2016, SNC Technical Services (SNCT), a wholly owned subsidiary of Sitnasuak Native Corporation (Sitnasuak) acquired MOCEAN uniforms. Bill will continue to serve as president and will oversee day-to-day operations for the next two to four years. MOCEAN customers will experience no interruption of service or immediate changes to the product line. As a member of the Sitnasuak family of companies, MOCEAN will continue to expand and improve its offerings into the future.
Sitnasuak Native Corporation is one of the Alaska Native village corporations created by the U.S. Congress in 1971 under the provisions of the Alaska Native Claims Settlement Act (ANCSA), settling land ownership disputes between the U.S. and State governments and the aboriginal owners. The largest of the 16 village corporations in the Bering Straits region and headquartered in Nome, Alaska, Sitnasuak was incorporated in 1972 as a for-profit corporation. It now has almost 2,900 shareholders.
Sitnasuak’s mission is to earn profits on operations while protecting their land and culture and benefiting their shareholders. It operates a number of for-profit businesses in Nome and owns six professional and technical services companies, of which one is MOCEAN’s new owner, SNC Technical Services, LLC (SNCT).
SNCT is Sitnasuak’s largest business unit, with approximately 800 employees. Based in Puerto Rico, it owns several apparel and fabric manufacturing concerns and provides the U.S. military with protective apparel and equipment. The expansion from military to public safety is a natural one and will create new opportunities for SNCT and MOCEAN.
“MOCEAN will be the first brick of a very solid structure of commercial sales for SNCT… it will satisfy our objective of diversification of the company to create a steady growth and better earnings,” stated Humberto Zacapa, Chief Executive Officer of SNC Technical Services, LLC.
Bill Levitt noted, “We are pleased to announce the acquisition of MOCEAN Holding Co., LLC by SNCT. Both companies share similar business philosophies and operating platforms. We look forward to our continued growth in the Public Safety Bike Uniform business as well as offering new product categories to the Law Enforcement and EMS sectors of the uniform industry.”
IPMBA thanks MOCEAN for their continued support and looks forward to working with him and representatives of SNCT for years to come.