Server: Microsoft-IIS/2.0 Date: Thu, 20 Nov 1997 18:59:09 GMT Content-Type: text/html Accept-Ranges: bytes Last-Modified: Tue, 02 Sep 1997 13:16:53 GMT Content-Length: 6548
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PRESS RELEASE
GULFPORT, Miss... Halter Marine Group, Inc., (AMEX:HLX) has acquired the McDermott Inc. Three Rivers shipyard on the Industrial Seaway in Gulfport, Miss. Terms of the acquisition were not disclosed. The facility, now known as Halter Gulfport - Three Rivers, will be used for the fabrication of Pnu-Tank (Smatco) steel bulk mud tanks which hold drilling muds and other materials used in the offshore energy industries. The plant will also produce aluminum components for vessels under construction at other Halter shipyards and will eventually build complete aluminum vessels. The announcement was made by John Dane III, chairman, president and CEO of Halter who said the acquisition will create employment for up to 75 shipfitters and welders. He added that management of the yard will be under Halter Marine Gulfport, Inc. (East), also on the Industrial Seaway. The 10 acre plant was acquired by McDermott in 1980, and it produced steel components and sub-assemblies in support of McDermott shipyard projects. The facility has been leased since 1993 to various sub-contractors. On June 6, Halter announced the acquisition of another nearby former McDermott facility, also on the Industrial Seaway in Gulfport, Miss. That 74 acre facility is now known as Halter Marine Gulfport, Inc. (Central) and is producing components for use on Military Sealift Command (MSC) ships. Halter Marine Group, Inc., includes 17 shipyards in Texas, Louisiana, Mississippi and Florida. The company specializes in the design, construction, conversion and repair of a wide variety of vessels for commercial, government and pleasure boat markets as well as mobile offshore drilling units. Shipyards of the Halter Marine Group have built more than 2000 vessels in past 40 years.
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