Atlantic Marine To Lease ADDSCO Industries Ship Repair Yard In Mobile, Ala.

Atlantic Marine Holding Company's subsidiary Atlantic Marine, Inc. of Mobile, Ala., will lease the repair shipyard of ADDSCO Industries in Mobile.

The Alabama yard, which was recently closed, was formed in 1916 and since that time has repaired and converted all types of floating equipment.

Atlantic Marine Mobile plans to recondition and repair the floating drydock, and to seek both Navy and commercial repair work.

Atlantic Marine Holding Company also announced that it has entered into a separate Memorandum of Intent to take over the facilities and operations of ADDSCO subsidiary Alabama Maritime Corporation (AMC) and will continue AMC's current new construction operation on Pinto Island in Mobile Bay under the name of Alabama Shipyards, Inc.

This acquisition will not affect Atlantic Marine's business in Jacksonville.

The company is in the pro- cess of expanding its facilities and capability to do work in Jacksonville and expects to continue to do so.

The Mobile acquisition will enable Atlantic to obtain business opportunities in the Gulf of Mexico that are not available to Jacksonville area shipyards.

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Maritime Reporter Magazine, page 70,  Apr 1989 dealer network

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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.