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    Bollinger completes acquisition of FGH yards

    News // August 25, 2000
    Bollinger Shipyards of Lockport, Louisiana, is now the largest vessel repair and conversion company in the Gulf of Mexico region with the completion of the acquisition of the five shipyards of the Friede Goldman Halter ship repair and conversion division.

    Bollinger now operates 12 dedicated ship repair and conversion shipyards with a total of 42 dry-docks located between New Orleans and Houston, and two new construction shipyards in Lockport, and Amelia, both in Louisiana.

    In May, the two companies announced the signing of an $80 million definitive sale agreement subject to certain conditions and approval under the Hart Scott Rodino Act.

    Donald 'Boysie' Bollinger, chairman and CEO of Bollinger Shipyards, Inc, made the announcement of the completion of the sale.

    He said, "These additions will enable us to assist our current and future customers with a wider variety of dry-docks and services for both shallow and deepwater vessels and rigs. We are excited to be welcoming the former FGH employees as new members ofthe Bollinger family.

    The newly acquired Bollinger shipyards are: Bollinger Gulf Repair, New Orleans, Louisiana, formerly Halter Gulf Repair; Bollinger Gretna, Harvey, Louisiana, formerly Gretna Machine & Iron Works; Bollinger Calcasieu, Carlyss, Louisiana, formerly Halter Calcasieu; Bollinger Houston, Houston, Texas, formerly Bludworth-Bond Houston, and Bollinger Texas City, formerly Bludworth-Bond, Texas City, Texas.

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