NRC to Acquire Foss Environmental Services

Friday, October 24, 2003
National Response Corporation (NRC), a wholly owned subsidiary of SEACOR SMIT Inc., and SaltChuk Resources, Inc. (SaltChuk), a private company based in Seattle, Wash., announced that they had signed a definitive agreement for NRC to acquire Foss Environmental Services (FES), a wholly owned subsidiary of SaltChuk. FES will be renamed NRC Environmental Services and will operate as an independent wholly owned NRC subsidiary Through its acquisition of FES, NRC will acquire additional spill response resources, existing contracts, and employ more than 175 people throughout the West Coast of the U.S. Its personnel and equipment in California will more than exceed the requirements of new California regulations, which are currently being phased in. Combined with NRC's already significant West Coast based assets, including four ocean certified vessels strategically located from Neah Bay, Washington to Long Beach, California, the acquisition will result in the largest commercial spill response and environmental contracting organization operating in the States of California, Oregon, Washington and Hawaii. Completion of the transaction is subject to the approval of SaltChuk's and NRC's Boards of Directors. The parties anticipate that the transaction will be completed by the end of October 2003. Todd Roloff, Chief Operating Officer of FES said: "We look forward to FES becoming an important part of NRC. The companies' activities are well matched and this transaction will enable NRC to strengthen its emergency response business and at the same time enhance FES's more traditional land based environmental contracting and industrial services business." SaltChuk's other operating companies, principally Foss Maritime, have signed long term service agreements with NRC to both support and benefit from NRC's enhanced services. Steven Candito, President of NRC, said "This acquisition is in line with our operating philosophy of optimizing the mix of dedicated NRC resources and non dedicated local resources in order to provide our customers with the best services at competitive prices. A critical element in accomplishing this goal is to ensure that non dedicated personnel and equipment are routinely used in related work, such as land based environmental contracting projects, where they are immediately available for emergency response events. The acquisition of FES clearly supports this effort.
Maritime Reporter August 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Environmental

Mississippi River Closed Due to Collision, Spill

A unified command team continues its response Friday to an oil spill in the Mississippi River following a collision between two towboats at mile marker 937 in Paducah

Ballast Water System Retrofits for 11 Containerships

Eleven container vessels owned by Bernhard Schulte GmbH & Co. KG, based in Germany, are to be retrofitted with Wärtsilä Aquarius Ballast Water Management Systems (BWMS), Wärtsilä announced today.

U.S. Coast Guard Responds to Collision Near Paducah

On-scene assessment teams have reported the maximum estimated potential clarified slurry oil released from the tug collision is now 250,000 gallons, Thursday. The

Fuels & Lubes

Rapid Oil Spill Response Vessel Launched

Western Canada Marine Response Corporation (WCMRC) launched their newest oil spill response vessel in Burrard Inlet. The boat, named after former employee George Penman,

Total Lubmarine Resumes Full Service in Tianjin

Marine lubricants and greases provider Total Lubmarine informs it has resumed all services based out of the Port of Tianjin following the deadly explosions that rocked the port August 12.

LNG-fueled Box Ship a 'Momentous Step Forward'

On Saturday, August 29, 2015, the world’s first series of energy efficient containerships welcomed its second LNG-powered vessel in San Diego, fueling the U.S.

 
 
Maritime Careers / Shipboard Positions Maritime Contracts Maritime Security Navigation Offshore Oil Port Authority Salvage Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | 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: 0.1242 sec (8 req/sec)