RTC Acquires Senesco Marine
The North Kingstown-based Senesco Marine, previously known as the Southeastern New England Shipbuilding Corp., has been acquired by Reinauer Transportation Companies LLC, according to a report in the Providence Business News - www.pbn.com. Terms of the deal were not disclosed. The North Kingstown company formally changed its name to Senesco Marine in October 2003, when it also announced it was streamlining its design and construction procedures to speed delivery. It is headquartered in the Quonset Business Park, where it has a fully paved 25-acre new-construction facility, with more than 215,000 feet of covered floor space, and a 6-acre repair facility with a 1,200-foot-long pier in 35 feet of water.
Reinauer Says it Has Acquired Senesco Marine
According to Providence Business News, Senesco Marine has been acquired by Reinauer Transportation Companies LLC. Terms of the deal were not disclosed. SENESCO has a fully paved 25-acre new-construction facility, with more than 215,000 feet of covered floor space, and a 6-acre repair facility with a 1,200-foot-long pier in 35 feet of water. Its 3,500-ton floating dry dock is capable of serving vessels up to 350 feet in length and up to 74 feet in the beam. Reinauer Transportation, based in Staten Island, N.Y., and East Boston, began 80 years ago with a single small converted fishing vessel transporting petroleum in New Jersey waters, and has grown to a fleet of more than 75 vessels. The company also owns the Staten Island-based Reicon Group LLC.
