摘要: |
Bollinger Shipyards (Lockport, LA) a privately-held leading designer and builder of steel military and commercial vessels for the past three quarters of a century, today announced that it has acquired Gulf Island Fabrication, Inc.'s ("Gulf Island") (NASDAQ: GIFI) Shipyard facilities, expanding Bollinger's new construction and repair capacity and capabilities to better serve its key defense and commercial customers. Financial terms of the transaction were not disclosed. This acquisition creates expanded opportunities for Bollinger to better serve and deepen its relationships with key defense and commercial customers with an increased capacity for new projects and footprint, access to a larger workforce skilled in steel construction, improved efficiencies and enhanced economies of scale. Current customers for Bollinger include the U.S. Coast Guard, U.S. Navy, General Dynamics-Electric Boat, and non-defense and commercial customers servicing energy production to dredging. Gulf Island had been building the Towing, Salvage and Rescue Ships (T-ATS) for the U.S. Navy and Regional Class Research Vessels for the National Science Foundation and Oregon State University. These projects conveyed with the transaction. |