Trinity Industries Acquires Aluminum Boats, Inc.
Crown Point, La., Yard Will Join Marine Group Trinity Industries, Inc., Dallas, Texas, has acquired the assets of Aluminum Boats, Inc., a Crown Point, La., shipyard specializing in the construction, conversion, and repair of commercial aluminum boats. The terms of the sale were not disclosed.
The announcement of the acquisition was made by John Dane III, president of the company's New Orleans- based Trinity Marine Group.
Mr. Dane said that Aluminum Boats, Inc., will become part of the marine group.
The Trinity Marine Group includes Halter Marine Inc., shipyards in Moss Point, Miss., and Lockport, La., Moss Point Marine Inc., in Escatawpa, Miss., Equitable Shipyards, Inc., with shipyards in New Orleans and Madisonville, La., and Gretna Machine and Iron Works, Inc., in Harvey, La.
Aluminum Boats, Inc., was established in 1983, by Salvador J.
Guarino, its president, on the site of the former Camcraft, Inc. Employing many of the former Camcraft shipbuilders, Aluminum Boats Inc., has delivered 35 new vessels, and converted or repaired 23 more since its founding.
The company occupies approximately 10 acres in its suburban New Orleans location and employs approximately 50 persons with an estimated annual payroll of $1 million. Mr. Dane said the acquisition was a "natural," as Aluminum Boats Inc., had recently served as a subcontractor on several Trinity projects.
He said other factors were the shipyard's high quality reputation, increasing demand for aluminum vessels, and the extensive business contacts of the shipyard's management on the East Coast and Middle East.
Mr. Dane said Mr. Guarino will remain as general manager of the shipyard. Mr. Guarino had served as chief purchasing agent of Halter Marine, Inc., from 1969 to 1978, and president of Marine Specialty and Mill Supply Co., a wholly owned subsidiary of Halter Marine Inc., from 1978 to 1980.
For free literature on the shipbuilding facilities and services of the Trinity Marine Group,