Page 4: of Maritime Reporter Magazine (August 15, 1980)

Red Fox Will Build

Jackup Barges At

Newly Acquired Yard

Red Fox Industries, Inc. of New

Iberia, La., has purchased Port

Fabricators, Inc., a Port of Iberia ship repair yard and fabricator of jackup drilling barges. The final papers in the acquisition, the lat- est in a series of recent expan- sion moves by the company, were signed recently with Port Fabri- cators' owner Louis Michot of

Lafayette, La.

The 9.5-acre plant, located on the commercial canal at the Port of Iberia, was established late in 1977. Included in the purchase are the company's lease and all im- provements and equipment at the site.

Beldon Fox Jr., vice president of Red Fox Industries, stated that all of the Port Fabricators' ap- proximately 70 employees were added to the Red Fox payroll, which prior to the acquisition, numbered about 500 at the port and the Red Fox Machine and

Supply Company.

The new acquisition will be re- named Red Fox Fabricators, Inc.

Its corporate structure and rela- tionship to the other Red Fox companies are still under consid- eration. This purchase is the lat- est in a series of recent expansion moves by the company.

Other expansions include the completion of the main fabrica- tion plant at the port, doubling its capacity; increasing pipe shop acreage from one-half to five acres; and purchasing the former

Halliburton site at the port, which will be used for heavy fabrication.

Plans for the future include en- largement of the corporate head- quarters building, moving the ma- chine and supply company to re- cently purchased property at the

Acadiana Regional Airport, and establishing an in-house training facility.

Another growing activity of the company is its sales of locally manufactured marine sanitation devices, through 40 domestic rep- resentatives and a growing net- work of agents abroad.

Currently, the Red Fox MSDs are sold in 30 countries around the world, and agreements for them to be manufactured over- seas under license are under con- sideration.

James Steadman Joins

Halter Marine As VP

For Special Assignments

James W. Steadman has joined

Halter Marine, Inc., as vice pres- ident, special assignments, with overall responsibility for the Hal- ter CATUG project at Chickasaw,

Ala. Halter is building six of the giant propulsion units for an in- tegrated tug/barge program as a subcontractor to Bethlehem Ship- building, and an additional tug for Sun Ship.

James W. Steadman

In making the annnouncement,

Floyd J. Naquin, president of Hal- ter Marine, said Mr. Steadman is uniquely qualified for his new po- sition because of his 26 years of experience with the Ingalls Ship- building Division of Litton Indus- tries.

His most recent position there, until his recent retirement, was vice president of operations. Prior to that, he held various manage- rial positions at Ingalls including director of quality assurance, chief of project engineering, di- rector of program engineering, chief design engineer, and chief engineer of the test and inspec- tion department.

Mr. Naquin said the new vice president would be assigned fur- ther responsibilities in the near future, in addition to handling the operations at Halter's Chick- asaw division. 83 A New 5

Month* Ship

Repair Record

For Lockheed

For the Navy, Coast Guard, NOAA, Bureau of Indian Affairs, Washington State Ferries,

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Lockheed is handling the emergency and long-term repair needs of more vessels than ever before. We meet all turnaround requirements, including 24-hour around- the-clock service if necessary. Our ship- building know-how means ship repair can-do expertly and efficiently. Also economically. Get the good news from our estimators. •January through May, 1979

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