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.