Vigor Industrial to Acquire Alaska Ship & Drydock
Alaska Ship and Drydock Inc. (ASD) and Vigor Industrial yesterday jointly announced their intent to make ASD a Vigor company.ASD will transition its business and assets to Vigor pending approval of the transfer of ownership by the Alaska Industrial Development and Export Authority (AIDEA), the owner of the Ketchikan Shipyard where ASD is based. The private companies hope to finalize their agreement on or before March 1st.ASD would operate the Ketchikan Shipyard (KSY) as the Alaska Ship & Drydock LLC subsidiary, in continuation of its thirty year AIDEA operating agreements.“The purchase of ASD by Vigor will increase the capacity and competitiveness of the Ketchikan Shipyard in many ways, positioning Ketchikan and the State of Alaska to not only continue our high level of service to exis...