Ownership of Bollinger Shipyards changes hands
LOCKPORT, La. (AP) — There's a change in ownership at Bollinger Shipyards, a major builder of military and commercial vessels in the Gulf Coast with its 10 shipyards.
The change was announced Tuesday. A company statement says Ben Bordelon, a grandson of the company's founder, Donald G. Bollinger, and the family that owns Edison Chouest Offshore bought all of Bollinger's assets and stock.
The terms and value of the sale were not disclosed.
Bordelon now becomes the chairman, president and chief executive officer of Bollinger Shipyards. Bordelon takes over from his uncle Donald "Boysie" Bollinger, chairman and CEO, and Bollinger's son, Chris Bollinger, president and board member.
Bollinger makes offshore vessels, rigs, push boats, barges and military patrol boats at its 10 shipyards along the Gulf Coast. It also runs 30 dry-docks.
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Posted on Tue, December 23, 2014
by Associated Press