Bollinger to Acquire Mississippi Shipyards

Welder Working With Grinder On Side Of A Boat Hull
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LOCKPORT, La. — Bollinger Shipyards, a privately-owned and operated shipbuilder, announced that it has entered into an agreement to acquire VT Halter Marine Inc. and ST Engineering Halter Marine Offshore from parent company ST Engineering North America. The Pascagoula, Miss.-based companies specialize in the design, engineering, construction and repair of complex vessels for government and commercial customers. Bollinger said the transaction expands its new construction and repair capacity and capabilities for its defense and commercial customers.

“For over 75 years, my family has been dedicated to providing our government and commercial customers with the highest levels of quality, support and service in the U.S. shipbuilding industry,” said Ben Bordelon, Bollinger president and CEO, in a press release. “The addition of VT Halter Marine and STEHMO is strategic as it further strengthens our position in the industry and U.S. defense industrial base by allowing Bollinger to expand our footprint, capabilities and suite of innovative solutions that we can provide to our customers.”

Bollinger’s acquisition increases the shipyard’s new construction and repair portfolio. All ongoing programs are to be conveyed with the transaction. This includes the Polar Security Cutter program for the U.S. Coast Guard and the Auxiliary Personnel Lighter-Small program for the U.S. Navy. Given the proximity to Bollinger’s existing facilities, Bollinger will be able to support further efficiencies and resolution of any potential capacity constraints.

In addition to construction of the U.S. Coast Guard Sentinel-class Fast Response Cutter program, Bollinger builds the Mine Countermeasures Unmanned Surface Vessel and the Towing, Salvage and Rescue Ships programs for the U.S. Navy, as well as the Regional Class Research Vessel for the National Science Foundation and Oregon State University. Bollinger also has two active contracts with General Dynamics Electric Boat to build a floating dry dock and pontoon launcher, both of which will support the construction and launching of the U.S. Navy’s Columbia Class Ballistic Missile Submarines. In addition, Bollinger is participating in industry studies for two government programs, including the U.S. Navy’s Large Unmanned Surface Vehicle program and the U.S. Navy’s Light Amphibious Warship program.

“Bollinger takes great pride in being a major job creator in Louisiana,” said Bordelon. “Today, we’re excited to grow and expand that legacy to Mississippi’s Gulf Coast. We have always said that our greatest strength has and continues to be our people. By combining our skilled workforces, we’ll ensure coastal Mississippi remains synonymous with defense shipbuilding and remains a major part of our industrial base.”

The acquisition includes 378 acres comprising two shipyards in Pascagoula and two dormant yards north of Pascagoula. The newly acquired yards will be renamed Bollinger Mississippi Shipbuilding and Bollinger Mississippi Repair. The Pascagoula facilities are strategically located with direct, deep-water access to the Gulf of Mexico and houses corporate office space, engineering, fabrication, warehousing and a foreign trade zone. The shipyard consists of 225,000-square-feet of covered production area in the main fabrication assembly buildings. The facility is capable of producing Panamax-sized vessels.

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