Pacific Fishermen Shipyard Purchases Union Bay Assets

press release
Monday, November 07, 2011

Pacific Fishermen Shipyard and Electric has purchased selected assets of Union Bay Fabrication, located at Emerald Landing and the former Tippet Shipyard.

 

The purchase included a Cincinnati Model 2512 Plate Shear and 250 ton Mechanical Press Brake Model K5-10. Together they provide capacity to bend and shear heavy steel plates up to 12 feet width and ¾” thickness, dependent on width. The purchase also included weld lead, water and air hose, electrical cords, a welding 4-pack, ventilation fans and miscellaneous shipbuilding equipment. Union Bay Fabrication owner Mike Sherlock was pleased with the sale as he exited the ship repair business. As a result, Mike has now opened the Mischief boutique distillery in Fremont as the first local entrant to this hot new market. It was a win-win sale for both participants as Pacific Fishermen continues to provide metal fabrication services to the Union Bay Fabrication customer base.


Previous asset acquisitions include Rowe Machine Works in 1986 with their line of cranes and winches, 600 ton dry dock and adjacent property, purchase of Lunde Electric Co. in 2003, now renamed PFI Marine Electric and heavy machinery, materials and personnel from the MARCO Shipyard closure in 2005. The Union Bay asset acquisitions come just after the US Maritime Administration (MARAD) awarded Pacific Fishermen Shipyard a one million dollar Small Shipyard Stimulus Funding Grant under the American Recovery and Reinvestment Act of 2009 for worker training and capital improvements. Constructed under this grant was a 70 foot long paint booth with 140 degree quick-drying bake cycle. The installation was engineered to be environmentally compliant under the Puget Sound Clean Air agency regulations for spray painting operations.


Complementing the Paint Booth is an environmentally friendly Sand Blast Booth, embracing the latest technology for recyclable steel grit with zero emissions to the air and surrounding water. Two new Genie Manlifts and a Grove 9-ton crane funded 70% by the MARAD Grant and 30% by Pacific Fishermen Shipyard.

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