[INDUSTRY NEWS]
Hercules SLR Grows IMP Group International Inc. is stepping away from the marine products and service company that entrepreneur Ken Rowe launched his business empire with about 40 years ago. Hercules SLR Inc., a privately held
firm located in Dartmouth’s Burnside Park, confirmed Friday that it has purchased all the assets of IMP Marine Division. “We look forward to leveraging the
strengths of both companies in order to grow,” said Hercules president Chris Giannou. Hercules is a marine engineering and
services business that operates throughout Atlantic Canada. The company also operates in Quebec, Ontario and Western Canada. Details of the transaction, which closed
on March 31, were not released. IMP Group indicated only that the
transaction had occurred. As part of the purchase deal, Giannou
said Hercules agreed to offer employment to all active employees of IMP Marine. He said all IMP Marine Division employees accepted the job offer. It was unclear exactly how many employees were involved. “We plan to continue to operate all 10
(IMP Marine) locations,” said Giannou. Hercules SLR was formerly known as
Bridgeport Wire Rope & Chain. Hercules SLR has 11 shops throughout 6 provinces. With over 200 employees, Hercules SLR specializes in marine equipment and apparatus for securing, lifting and rigging. IMP Group International Inc. employs
about 3,500 people in a variety of sectors including aerospace, aviation, airline, healthcare, information technology, hospitality and property development. Rowe is listed as the company’s executive
chairman while Stephen Plummer is listed as president and chief executive officer.
HALO and Gaylin Merge Late 2010, by merger of two great forces, Halo, LLC of Louisiana, Gaylin (USA) PTE, Ltd. of Singapore, the formation of Halo Wire Rope, LLC is official. Halo, LLC is a supplier of wire rope and rigging hardware to the marine industry, and offers testing, inspection, and training services to keep “LIFE FIRST”. Gaylin International is a 36 year old
company that is now lead by its Managing Director/ CEO, Desmond Teo. He and the Teo family have steadily grown Gaylin through a basic philosophy of enhanced
capabilities, product innovation, and strong relationships with customers and suppliers. With a great friendship and unwavering
mutual respect, it was only a matter of time before Ken Ragusa and Desmond Teo figured out a way to better this industry for the future. “Gaylin is currently the premier rigging shop in the world with great strength, experience, a strong reputation and capabilities that are unmatched. Halo, LLC has lead the way in setting new industry standards in order to bring workers back home safely to their families. We are now combining our experience and beliefs to improve this industry worldwide,” says Ken Ragusa, Halo Wire Rope, LLC, President / CEO. Together they will form HALO Wire
Rope, LLC. While HALO Wire Rope LLC is strategically located in Houma and Port Fourchon Louisiana, it plans to expand facilities worldwide in the near future. It is the mission of HALO Wire Rope LLC, to bring its message of “LIFE FIRST”, global and make its mark on the Oil and Gas industry. HALO Wire Rope, LLC has fully
operational rigging shops with an unprecedented inventory of small and large diameter wire ropes up to 6” in diameter and rigging hardware of all sizes and pull- testing capabilities to 3 million pounds. Halo Wire Rope, LLC is here to fulfill the oil and gas industry’s rigging needs no matter how large or small.
InterMoor Celebrates Grand Opening of New Morgan City Facility InterMoor Inc., an Acteon company, celebrated the grand
opening of its new state‐of‐ the‐art facility in Morgan City, La. on March 24 with a ribbon cutting ceremony and reception that included tours of the facility.Tim Matte, Mayor of Morgan City, Mac Wade, Morgan City Port Commis- sioner, and Louisiana Economic Develop- ment Association (LEDA) representative, Don Pearson all served as keynote speakers at the ceremony that attracted more than 300 guests. “The opening of this facility was a long
time coming – nearly 14 months,” said President Tom Fulton. “But the hard work was well worth it as we have already landed fabrication projects that would not have been
possible in the old facility.” The choice to keep InterMoor offices in
Louisiana will allow the company to retain more than 200 jobs and facilitate future growth. LEDA estimates that the facility will generate more than $49 million in new state tax revenues and more than $35 million in local tax revenues over a 15‐year period. The 24 acre facility houses the offices of
administrative, maintenance, operations and fabrication employees. Amenities include more than 30,000‐sq‐ft of fabrication space; mooring storage capabilities; a 12,000‐sq‐ft multi‐purpose building for administrative and operations employees; a 7,500‐sq‐ft wire doping area to inspect, protect and prepare wire rope for offshore jobs; and a state‐of‐ the‐art 20,000‐sq‐ft blasting and painting facility. Equipment
includes a high‐tech CNC cutting machine, mooring equipment; and a 300‐ton crane to enhance docking services. InterMoor is the leading global mooring,
foundations and subsea services company, providing innovative solutions for rig moves, mooring services and offshore operations including engineering and design, survey and positioning, fabrication and subsea installation.
Unitex Group U.S.A. Announce Grand Opening of New Facility Unitex Group U.S.A. recently held its official grand opening at their new facility in Pied- mont, SC. Unitex Group U.S.A. is a mem- ber of the Unitex Group, an international manufacturing, marketing and distributor of lifting products. Jim Posa, CEO of Unitex Group U.S.A.,
commented of their grand opening, “We believe the North American lifting industry is poised for continued growth and Unitex Group, as an international organization, was looking for an area in the U.S. that had a supportive community and state as well as a skilled workforce for its first manufacturing operations in the U.S. We are looking forward to growing our business well beyond the initial five-year projections as we bring in new technologies and develop new markets beyond the synthetic lifting areas.” Unitex U.S.A. provides solutions to
the lifting industry with superior customer service and a unique product line consisting of nylon / polyester webbing and finished products, Their products also includes round slings, web slings, tie-downs, protective sleeves, and their unique finished products
WIRE ROPE EXCHANGE MAY-JUNE 2011 9
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