PACECO Acquired By Mitsui Engineering —Literature Available

PACECO Corporation is now a subsidiary of Mitsui Engineering & Shipbuilding Corporation after MES acquired all of the patents, drawings, trademarks and technology, as well as license agreements, including the name PACECO from the Fruehauf Corporation.

From its new headquarters in San Mateo, Calif., the MES subsidiary along with its licensees plans to utilize and further develop state-ofthe- art technology for containerhandling equipment and systems.

The firm will design, manufacture, market and service, in cooperation with its licensees, all of PACECO's container-handling equipment in the world market.

PACECO Corporation will be headed by president and chief executive officer Masao Iwane. Shuji Hasegawa has been named vice president, marketing and engineering, and Motoki Ichikawa was appointed vice president, administration and finance.

PACECO, Inc., Gulfport, Miss., has been renamed Coast Engineering & Manufacturing Co. (CEMCO).

PACECO Corporation has acquired 20 percent of the stock of CEMCO, and is assured of a production based at the Gulfport plant to satisfy the requirements of the U.S.

and export markets.

For free literature detailing the products and services of PACECO Corporation, Circle 33 on Reader Service Card

Maritime Reporter Magazine, page 6, Feb 1989

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Maritime Reporter

First published in 1881 Maritime Reporter is the world's largest audited circulation publication serving the global maritime industry.