Ingram Completes Acquisition of U.S. United Barge Line

press release
Thursday, May 24, 2012

Ingram Barge Company today completed its acquisition of U.S. United Barge Line, LLC (“UBL”), a barge transportation company headquartered in Tampa, Florida.


The proposed transaction was announced on April 19 and, following the receipt of necessary government approval and satisfaction of other closing conditions, Ingram officials said today they had finalized the sale and that the process of integrating the UBL business will begin immediately. Approximately 300 UBL associates will join Ingram, and 17 towboats and some 650 barges will be added to the Ingram fleet. Orrin H. Ingram, Chairman of the Board of Ingram Barge Company, said the combined businesses will enable Ingram to continue its leadership role in the inland marine industry. Craig E. Philip, CEO of Ingram Barge Company, said the transaction underscores Ingram’s commitment to its customers and to the robust future of inland transportation.


“We are excited to now be able to welcome the UBL associates into our Ingram Marine Group family,” Mr. Philip added. “We look forward to serving our new customers with the same dedication to quality and focused customer service for which Ingram, and UBL, have been known.” Ingram Barge Company is a subsidiary of Ingram Industries Inc., based in Nashville, Tennessee, which is one of America’s largest privately held companies.  It consists of diversified businesses in physical and digital book distribution, on-demand printing, marine transportation, and digital fulfillment services.  Ingram Industries Inc. includes two operating divisions: Ingram Marine group and Ingram Content Group.

Maritime Reporter June 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

People & Company News

Transocean Prices Initial Public Offering

Transocean Partners LLC, a Marshall Islands limited liability company formed by Transocean Ltd., has announced  the pricing of its initial public offering of 17,

Nordic American Offshore Declares 2Q Dividend

Nordic American Offshore Ltd. announced that its Board of Directors has declared a dividend of $0.45 per common share for the second quarter 2014. This is the same as for the first quarter 2014.

Vale Profit Falls Amidst Record Output

Brazilian miner Vale SA posted a sharp decline in profit from the previous quarter as lower iron ore prices undermined record production of the steel-making ingredient.

Contracts

Former MSC Manager Sentenced on Bribes Charges

Former Afloat Programs Manager at the United States Navy Military Sealift Command (MSC), Kenny E. Toy, was sentenced to 96 months in prison for receiving bribes, the U.

Vale Profit Falls Amidst Record Output

Brazilian miner Vale SA posted a sharp decline in profit from the previous quarter as lower iron ore prices undermined record production of the steel-making ingredient.

Kurdish Crude Lightered, Destination Unknown

Part of a Kurdish oil cargo has been offloaded from a Greek-managed tanker into another tanker in the South China Sea, but mystery surrounds the identity of the

Barges

VSAT Connectivity by Globecomm for Malaysia's PBJV Group

Globecomm Maritime, a leading provider of maritime communications solutions, has been awarded a contract to provide VSAT connectivity to PBJV Group's barge Kota Laksamana 101.

ATB Barge Project for Murray & Associates

Murray & Associates, LLC has been commissioned to deliver a comprehensive design package for an 185,000 BBL Chemical Tank Barge new construction project. The

Maritime Reporter @ 75: The Daily Cartoon

Maritime Reporter & Engineering News was founded by John J. O'Malley (1905-1980) in 1939, and today ranks as the world's largest audited trade publication in the world serving the maritime industry,

Mergers & Acquisitions

Rio Tinto Pulls Plug on Mozambique Coal Venture

Rio Tinto has agreed to sell coal assets it bought through a $4 billion acquisition of Riversdale in 2011 for just $50 million to an Indian joint venture, ending

Rohr Dredge Continues European Expansion

Rohr International Dredge Holdings, Inc. announced that it acquired Eurl Rohr France, including its current backlog, inventory and all associated intellectual property (IPR), on July 23, 2014.

Total Sells ts Coal Mining Assets to Exxaro

Total has signed an agreement with Exxaro Resources Ltd for the sale of its 100% stake in Total Coal South Africa (TCSA), its coal-producing affiliate in South Africa.

 
 
Maritime Contracts Maritime Standards Naval Architecture Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Winch
rss | archive | history | articles | privacy | terms and conditions | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.4094 sec (2 req/sec)