PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Download our free Bridge Coating Systems eResource Book

Paint and Coatings Industry News

Main News Page


Vigor to Acquire Alaska Ship & Drydock

Thursday, February 9, 2012

More items for Program/Project Management

Comment | More

Alaska Ship and Drydock Inc. (ASD) will become part of Vigor Industrial, under an acquisition plan announced this week by both companies.

The deal would strengthen shipbuilding, ship repair and maritime jobs in Alaska, the joint announcement said.

 ASD would operate the Ketchikan Shipyard as the Alaska Ship & Drydock LLC subsidiary of Vigor Industrial

 Images: Vigor Industrial

ASD would operate the Ketchikan Shipyard as the Alaska Ship & Drydock LLC subsidiary of Vigor Industrial.

The sale requires approval by the Alaska Industrial Development and Export Authority (AIDEA), which owns the Ketchikan Shipyard, where ASD is based. ASD performs painting, cleaning, repairs, inspections, and other services at the shipyard, which was established in the 1980s.

The two privately held companies expect to finalize the agreement by March 1.

‘Increase Capacity, Competitiveness’

Under Vigor, ASD would operate the Ketchikan Shipyard (KSY) as the Alaska Ship & Drydock LLC subsidiary, continuing its 30-year AIDEA operating agreements.

ASD employees and customers will notice little change in day-to-day operations, said ASD owner Randy Johnson, a Ketchikan resident who has directed operations at KSY since 1994. Johnson will become ASD Vice Chairman under the new ownership.

“The purchase of ASD by Vigor will increase the capacity and competitiveness of the Ketchikan Shipyard in many ways, positioning Ketchikan and the State of Alaska to not only continue our high level of service to existing customers, but to significantly participate in exciting new markets emerging in the North Pacific and Arctic Oceans,” Johnson said.

‘Tremendous Opportunity’

Vigor Industrial currently owns and operates a wide range of maritime services—including painting and blasting, shipbuilding and repair—in the Pacific Northwest.

“We see a tremendous opportunity here to work with Alaska residents to grow maritime jobs and industry from Oregon to the Arctic,” said Frank Foti, Vigor Industrial owner and CEO.

 The ASD site will be Vigor Industrial’s seventh facility in the Pacific Northwest
The ASD site will be Vigor Industrial’s seventh facility in the Pacific Northwest.

Vigor’s holdings include marine painting contractor Specialty Finishes; the 60-acre Swan Island shipyard in Portland; the historic Harbor Island yard in Seattle; as well as operations in Tacoma, Everett, Bremerton and Port Angeles. The company serves commercial, government and military clients.

The acquisition will give the company a full range of shipbuilding, repair and modernization services across seven facilities in Alaska, Washington and Oregon, officials said. The expanded operation will employ nearly 2,000 workers and include 10 drydocks; more than 17,000 feet of pier space; large-scale fabrication facilities, specialty coatings; and other industrial services.

Shipyard Fatality

In February 2011, Vigor purchased the Todd Pacific Shipyards in Seattle, where the company maintains and renovates U.S. Navy and Coast Guard vessels.

The former Todd Pacific shipyard was the site of a shipwright’s fatal fall last Friday. That accident remains under investigation.

   

Tagged categories: Abrasive blasting; Acquisitions; Contractors; Industrial Contractors; Maintenance coating work; Marine Coatings; Mergers; Shipyards

Comment Join the Conversation:

Sign in to our community to add your comments.

Chicago Corrosion Group
Vendor-neutral corrosion consulting

What you don’t know about painting is costing you a fortune. Call today to see how CCG’s vendor-neutral, owner’s advocacy saves our clients millions.


SAFE Systems, Inc.
SAFE Systems'
Blast Lights &
Deadman Switches

Halogen or LED blast lights available with our NEW urethane bumper. Switches available in many colors for color coding your hoses.


Armakleen Company, The
ARMEX when nondestructive cleaning is critical

The gentle physical propriety of baking soda but yet aggressive cleaning ability is what makes ARMEX the only choice for nondestructive abrasive blasting.


Absolute Equipment/Grand Rental Station
Portable Power from Absolute Equipment

•Compressors
•Lighting Systems
•Generators
•Light Compaction
Sales • Rental • Service
Call 1-866-931-6655
Over a century of
providing excellence.


US Minerals
US Minerals -
Black Magnum

With nationwide production and distribution capabilities, U.S. Minerals supplies a complete range of coal slag and other abrasives to meet all of your blasting needs.


Novetas Solutions
Number 1 Crushed Glass Abrasive in America!

Manufactured from 100% Recycled Glass.
NO Crystalline Silica,
Beryllium & Arsenic
Great White Metal Finish!
4 plants on Navy QPL
Call us at 866-775-6226


Sidewinder/Persyst Enterprises, Inc.
The Sidewinder Model M2 Solvent Recycler

Combat the rising cost of gunwash, thinners, acetone & more while drastically reducing waste disposal coat.


Minerals Research & Recovery

HIGH PERFORMANCE ABRASIVES


“Made in the USA!”

Why recycle waste from other countries? Go FASTER, CLEANER, at 1/3 THE COST with MR&R “All-American” Sharpshot®HP!!

WATCH THE VIDEO


Industrial Vacuum Equipment Corp.
Hurricane Vacuums
& Dust Collectors

Vacuum and dust collector hose, filters and related accessories.
IndustrialVacuum.com

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com