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Metal Shark acquires assets of Horizon Shipbuilding

Staff Writer |
Louisiana-based boatbuilder Metal Shark has acquired the assets of competitor Horizon Shipbuilding in a bankruptcy proceeding.

Following a motion approved by the U.S. Bankruptcy Court Southern District of Alabama on June 5th, 2018, Louisiana-based shipbuilder Metal Shark has acquired the assets of Alabama-based Horizon Shipbuilding.

“We are thrilled to acquire the assets of Horizon, which will greatly increase our shipbuilding capability and capacity,” said Metal Shark’s CEO Chris Allard.

“This acquisition will dramatically expand Metal Shark, as we add an impressive Alabama facility to our growing portfolio of shipyards and leverage Horizon’s expertise in the construction of steel vessels.”

With the acquisition, Metal Shark assumes ownership of a fully developed 35-acre shipbuilding facility in the Mobile Bay region, with separate east and west yards both fronting a dredged deepwater inlet.

The facility boasts a total of nine assembly buildings; a 660-ton Travelift; multiple cranes, CNC plasma cutters, welders, and other fixtures supporting the construction of steel and aluminum vessels up to 300’ in length and 1,500 tons launch weight.

Metal Shark’s new Alabama yard is situated just minutes from the Intracoastal Waterway with direct access to the Gulf of Mexico.

With its new facility, Metal Shark plans to be active in the design and construction of custom steel vessels for multiple markets, as well as the refit, repair, and conversion of existing vessels.

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