Independent journal on economy and transport policy
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Gulf Island Fabrication will buy shipbuilding society LEEVAC Shipyards
the acquisition will happen for 20,0 million dollars
December 24, 2015
Gulf Island Fabrication, group of Houston specialized in the construction of perforation platforms and offshore production, have tightened an agreement in order to buy compatriot LEEVAC Shipyards, society that work three ship yards to Jennings, Lake Charles and Houma, in Louisiana, that they construct and they repair is average naval for the offshore industry that commercial and fleeting ships.
The acquisition of LEEVAC Shipyards and its branches, that they will carry a dowry to Gulf contracted Island Fabrication for 112,0 million dollars, will happen for 20,0 million dollars. According to the forecasts, the transaction will be concluded in the end of this year or at the beginning of 2016.
Main the operating activity of Gulf Island Fabrication is carried out in the plants to Houma, in Louisiana, and Saint Patricio County, in Texas.
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