Page 27: of Maritime Reporter Magazine (April 1969)

William E. Zimmie W. E. Zimmie, Inc., diversified manufacturer of mechanical and chemical products for the marine industry, has announced the acqui-sition of the marine products busi-ness of Hyde Division of Bath Iron Works Corporation. The announcement of the acqui-sition was made by William E. Zimmie, president of the Cleveland-based company. The Hyde products are one of the broadest lines of power-driven deck machinery available to the marine trade. As a result of the acquisition, Zimmie, Inc. is the only company offering virtually all ma-chinery outside of the main propul-sion system. In addition to di-rect marine applications, the Hyde equipment may also be used in off-shore drilling. The cash transaction included the use of the Hyde name, all engi-neering data, specifications and rec-ords, tools, jigs and fixtures. Hyde has been a wholly owned subsidiary of Bath Iron Works, Bath, Maine. Zimmie, Inc. will form a Hyde Cor-poration subsidiary to manufacture the marine products in Cleveland, Ohio. Claud Clark, who has been prod-uct manager for Hyde, will serve as president of the new subsidiary. In addition to Mr. Clark, other key Hyde engineering personnel will be retained, according to Mr. Zimmie. Thomas P. Mackey, general man-ager of the W. E. Zimmie, Inc., Marine Division, will be executive vice-president of the subsidiary. Hyde products include cargo, ramp and towing winches, steering gears, anchor windlasses and cap-stans. All are available as electric, hydraulic or steam-driven units. Other Hyde marine products ac-quired by Zimmie, Inc. are uni-versal mooring chocks and special-ly designed handling equipment for oceanographic devices. Zimmie, Inc. has been manufac-turing electro-hydraulic constant-tension mooring winches, and main-condenser evacuating sys-tems, vacuum-priming systems and control-air compressor systems utilizing liquid-ring vacuum pumps and compressors. These latter products are sold by Zimmie, Inc.'s Sihi Division. The company also produces a patented chemical mud remover sold under the registered trade name Zimmite. This product is used as a preventive mainte-nance treatment in the ballast tanks April 1 / 1969 Thomas P. Mackey of 80 percent of the Great Lakes fleet. All products are manufactured domestically, thus qualifying the company as a supplier for Maritime Administration subsidized ships. The Zimmie mechanical products will now be sold through the new Hyde subsidiary. According to Mr. Clark, who had been with Hyde for 20 years, "We have been a widely accepted sup-plier to the marine industry for more than a century. This covers the time from when we were the first to manufacture anchor wind-lasses until now when we are sup-plying complete deck machinery systems for the new LKA Navy supply ships being built at New-port News." Commenting on the acquisition, Mr. Zimmie said, "The principal reason we were interested in pur-chasing the Hyde marine product business was because of its recog-nized engineering capabilities. In both our mechanical and chemical product areas, we have always been a highly technically oriented com-pany. The design and engineering excellence associated with the Hyde name for many years, fits perfectly our corporate objectives. We will continue to seek additional acqui-sitions which fit this pattern." Litton Names Casey Senior Vice-President Joseph T. Casey has been pro-moted to senior vice-president of Litton Industries, it was announced by Roy L. Ash, president. He will continue with responsibility for all Litton financial functions, includ-ing the controller and treasurer ac-tivities. Mr. Casey has served as vice-president, finance, since November, 1967. He was elected a corporate vice-president in August, 1967, after holding the position of Litton controller since he joined the com-pany in November, 1963. Previously, he was manager of audits and other client services at the New York City office of Touche, Ross Bailey and Smart. A graduate of Fordham University, Mr. Casey is a member of the American In-stitute of Certified Public Accoun-tants and the Financial Executives Institute. He is a vice-president of the advisory board of directors of the California Museum of Science & Industry and a director of the California Space Museum. International Shipping Exhibition To Be Held In Athens June 2-8 Exhibitors from 15 leading maritime countries will converge on Athens in June for what promises to be one of the most important international ex-hibitions. It is "Posidonia '69," a new international shipping trade show that will run from June 2 to 8 at the Zappeion Palace. Well over 100 exhibitors?includ-ing some of the world's top shipbuild-ers, repairers, marine engineers and equipment manufacturers ? will be demonstrating their products and services to customers from the world's second largest marine market, the Greek shipowning fraternity. Greek owners from all parts of the world will attend an important ship-ping congress which is being held con-currently with the exhibition, and 20 of the more prominent owners are members of the "Posidonia '69" spon-sorship committee; these members in-clude the president of the Greek Shipping Co-operation Committee and the president of the Union of Greek Shipowners. Exhibitors in Athens will represent companies in Belgium, Denmark, France, Germany, Britain, Greece, Hong Kong, Italy, Japan, the Neth-erlands, Norway, Poland, Sweden, Switzerland and the U.S.A. A spokesman for Maritime Presen-tations Ltd., London, organizers of the exhibition, said today: "The pow-erful Greek shipping market continues to expand in every way, and huge new building programs are being put in hand, particularly for supersize tankers and bulk carriers, and for passenger vessels. These ships re-quire to be designed, built, engined, fitted out, maintained, and repaired. This underlines the importance of "Posidonia '69," through which lead-ing builders and suppliers will be able to make a direct approach to this lucrative market." Sir Hugh Casson, the well-known architect, has been retained as con-sultant and designer, and the organ-izers have appointed R. B. Shepheard, the former joint director of the Ship-builders & Repairers National Associ-ation, as technical adviser for the ex-hibition. Marine Insurance Programs... professionally planned, purchased and serviced to fit your needs. Adams & Porter Houston: Cotton Exchange Bldg. (713) 227-5181 New York: 30 Church Street (212) 422-3800 29 Zimmie Acquires Hyde Division Of Bath? Forms Subsidiary To Handle Deck Machinery Claud Clark