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 existing customers, but to significantly participate in exciting new markets emerging in the North Pacific and Arctic Oceans,” said ASD owner Randy Johnson, a Ketchikan resident who has directed operations at KSY since 1994.
Vigor Industrial currently owns and operates several maritime services in the Pacific Northwest at facilities from Portland through Puget Sound.
The combined companies would offer a full range of ship building, repair and modernization services in seven facilities in Alaska, Washington and Oregon with ten drydocks, more than 17,000 feet of pier space as well as large-scale fabrication facilities, specialty coatings and other industrial services. Upon approval, the companies will employ close to 2,000 workers across the Pacific Northwest.
Adam Beck, currently general manager of the Vigor Marine subsidiary’s regional operations, will take on added duties as ASD’s President. Beck worked at the Ketchikan yard for five years prior to joining Vigor Industrial in Portland.