Gulf Coast Dockside Operations and Assets acquired by Associated Terminals

Monday, June 10, 2002
Associated Terminals recently expanded its stevedoring and material handling operations on the lower Mississippi River with its acquisition of substantially all of the assets of Gulf Coast Dockside, Inc., along with a substantial interest in Bulk Material Transfer, Inc. Gulf Coast Dockside is a stevedoring company whose primary operations are located in Chalmette, LA, near milepost 90.5 of the lower Mississippi River. The company’s assets include three high capacity floating cranes and all of the attachments and equipment related to the stevedoring operation. Associated also assumes all of the existing contractual stevedoring obligations.

Bulk Material Transfer operates a bulk material handling facility at the Chalmette slip within the St. Bernard Port, Harbor and Terminal District. The facilities include pier “C” at the Chalmette Slip, adjacent warehouse facility, mid-stream deep water mooring dolphins, and several acres of land within the port’s Arabi Terminal & Industrial Park. Additional cargo handling services offered at these facilities include truck and rail loading and unloading, warehousing and storage, bagging capabilities, and screening and processing of bulk cargoes. “This is a significant acquisition for our company. The Chalmette Slip and Arabi mooring dolphins have always offered some very strategic and logistical advantages for shippers and we have a lot of respect for our friends at Gulf Coast Dockside.” said David Fennelly, President of Associated Terminals. “The Port of St. Bernard offers tremendous growth and development opportunities. Our plans for the Chalmette operations are to expand the facilities to offer additional vessel transfer locations, as well as increase the array of options we are able to offer shippers and carriers.” Fennelly continued. The acquisition of these operations gives Associated Terminals a firm foothold in the Chalmette area below New Orleans and boosts its fleet of high capacity floating cranes to eight. Gulf Coast Dockside and Bulk Material Transfer both have strong ties to William T. Bergeron, who has served as president and chief executive officer at both companies. With this transaction, Bergeron will remain as president of Bulk Material Transfer.

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