Bollinger to Acquire Halter Marine
 
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Bollinger to Acquire Halter Marine

      5/28/2002

Bollinger to Acquire Halter Marine

Bollinger Shipyards has signed a contract, pursuant to approval of the U. S. Bankruptcy Court, to acquire the assets and operations of Halter Marine from Friede Goldman Halter. If approved, Bollinger contemplates acquiring substantially all of Halter’s operating assets, including eight shipyards, other properties, extensive design library and construction projects in progress.

This acquisition will add new construction shipyards to Bollinger’s three new construction and eleven repair and conversion shipyards for a total of 22 facilities with 43 drydocks strategically located from Pascagoula (Mississippi) Houston (Texas).Donald “Boysie” Bollinger, chairman and CEO of Bollinger said, “We are very excited about this pending acquisition as it will expand our capacity and capabilities in new construction, establish our visibility and presence in new foreign and domestic markets and compliment our extensive inventory of designs.

Best of all, we will retain substantially all of Halter’s dedicated employees thereby gaining hundreds of highly talented and skilled designers and shipbuilders whose excellent reputation is known around the world. We look forward to welcoming them to the Bollinger family.”


 

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