Minneapolis Investors Acquire Grafton Boat
Nathaniel Robbins Jr. has been named president of the Grafton Boat Co., a company which was recently acquired by a group of Minneapolis investors.
Grafton Boat Co. is a designer and builder of commercial and Government towboats and workboats.
The company also repairs barges and manufactures barge components at its base of operations at Grafton, 111.
The investors, headed by Henry M. (Marty) Baskerville, president of Upper Mississippi Towing'Corp., Edina-based barge towing company, acquired the assets of the company from Continental Boiler and Sheet Iron Works which had purchased it in 1970.
Mr. Robbins was formerly director of engineering, Residential Division, Honeywell, Inc., Minneapolis.
Mr. Robbins had been with Honeywell for more than 25 years.
Other officers include William E.
Evans, vice president, Evelyn Eickmeyer, treasurer, and Les Sutton, secretary.
According to Mr. Robbins, Grafton Boat will concentrate primarily on the production of towboats for private industry.
Mr. Robbins said the company currently can manufacture as many as eight towboats per year, each costing between $300,000 and $500,- 000. Mr. Robbins said Grafton Boat is currently building a 65-foot towboat for Gulf River Services, New Orleans, and has accepted an order from the American Commercial Barge Lines of Jeffersonville, Ind., for building four 80-foot towboats to be delivered in 1974-75.
Mr. Robbins said the decision to unify production around the manufacture of towboats and barge components represents an attempt by Grafton Boat to stabilize and improve its growth potential and profits by focusing production in these high-demand market areas.
Other stories from March 1974 issue
- Shallow-Draft Bulk Carrier Study Award To M. Rosenblatt page: 4
- Naval Hydrodynamics Symposium To Be Held At M.I.T. June 24-28 page: 4
- Dravo Corporation Launches Most Powerful Towboat For Use On World's Inland Waterways page: 6
- U.S. Lines Names Pert Manager-Operations For Eastern Division page: 8
- $40-Million Contract To Nashville Bridge For Towboats, Barges page: 10
- Nathan Friedland loins Santa Fe Engineering page: 10
- Todd Appoints Stuart Jones To Head New Tanker Planning page: 11
- Todd Shipyards Los Angeles Division To Build Four 89,700-Dwt Tankers At A Total Cost Of $136 Million page: 11
- Officers Named By Johnston Pump Company page: 11
- AML And APL Announce Changes Of Key Personnel page: 12
- Ingram Signs 10-Year $150-Million Contract To Transport Fuel Oil page: 13
- Three Appointments To Towing Industry Advisory Committee page: 13
- Alaska Pipeline Background Information -Tankers Required To Cost $1.6 Billion page: 14
- Minneapolis Investors Acquire Grafton Boat page: 14
- First Phase Of New Keppel Subsidiary, Tuas Shipyard, To Cost $70 Million —A Number Of Key Appointments Made page: 17
- Long-Term Charters Planned By Sohio page: 17
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- Harold Reinauer Named Vice President AWO Region Five page: 22
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- COMSAT General Corp. Names David W. King page: 28
- Moore And McCormack Changes Firm Name— Earnings Increased page: 32
- American Export Lines Agrees To Sell Two Passenger Vessels page: 33
- Stork-Werkspoor Receive Orders For 32 Engines page: 33
- ASME Marine Committee To Present Thirteen Papers At Zurich Gas Turbine Conference page: 34
- Dearborn-Storm To Concentrate On Offshore Drilling Industry —Computer Leasing To Be Sold page: 35
- B&W To Supply Six Marine Boilers For Three Merchant Ships page: 36
- C.J. Hendry Co. Appoints John Iamarino page: 36
- Waterways Attract 87 Plant Facilities In Last Quarter 73 page: 37
- Liffey Marine Operating New Supply Vessel Designed To Carry A Wide Variety Of Cargo page: 38
- AAPA Committee Names John Finnegan page: 39
- Soviet Trading Firm Takes Space In N.Y/s World Trade Center page: 39
- A.L. Burbank Forms Shipcentral, Limited —Tsao Named To Board page: 40
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- Kings Point Alumni Opposes Committee Dismemberment page: 43
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- Northen Of ACT/PACE Elected CI President page: 44
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