V e r s a t i l e Corporation Buys Davie Shipbuilding Yard From Dome Petroleum

The Canadian shipbuilder and repairer, Davie Shipbuilding Limited of Quebec, has been purchased by the Vancouver-based Versatile Corporation, already a significant shipyard operator and one of Canada's top 100 industrial manufacturers.

This acquisition makes Versatile a major force in Canadian shipbuilding and repairing, with approximately 40 percent of Canada's total shipyard capacity—on both the East and West Coasts—now under its ownership. Besides Davie (to be renamed Versatile Davie), Versatile owns the Burrard Yarrows Corporation, with yards in North Vancouver and Victoria on the West Coast, as well as the Versatile Vickers facility in Montreal.

Versatile Davie was acquired from Dome Petroleum Limited of Calgary, Alberta, for an undisclosed sum. The Versatile Corporation now employs some 3,200 people in Canadian shipbuilding and repairing.

Besides its extensive ship repairing activities, the Davie yard is currently completing a 4,000-dwt Gulfspan ferry, the Caribou, for C.N.

Marine, with delivery scheduled for later this year. The yard is also expected to receive one-third of the value of a forthcoming C$650-million contract to upgrade four frigates for the Canadian Navy.

Versatile Davie's facilities include five newbuilding berths capable of building vessels of up to 100,000 dwt, and two drydocks capable of repairing vessels of the same size.

Maritime Reporter Magazine, page 7, May 1985

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