Metal Industry News

Metal Shark Acquires Bankrupt Shipbuilder

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Shipbuilding company Metal Shark, Jeanerette, La., has acquired the assets of Alabama-based Horizon Shipbuilding out of bankruptcy.

“We are thrilled to acquire the assets of Horizon, which will greatly increase our shipbuilding capability and capacity,” said Metal Shark’s CEO Chris Allard. “This acquisition will dramatically expand Metal Shark, as we add an impressive Alabama facility to our growing portfolio of shipyards and leverage Horizon’s expertise in the construction of steel vessels.”

With the acquisition, Metal Shark assumes ownership of a fully developed 35-acre shipbuilding facility in the Mobile Bay region, with separate east and west yards both fronting a dredged deepwater inlet. The facility boasts a total of nine assembly buildings, plus a 660-ton Travelift, multiple cranes, CNC plasma cutters, welders and other fixtures supporting the construction of steel and aluminum vessels up to 300 feet in length and 1,500 tons launch weight. 

With its new facility, Metal Shark plans to be active in the design and construction of custom steel vessels for multiple markets, as well as the refit, repair, and conversion of existing vessels.

“As we add steel vessels to our already broad range of aluminum craft, we will offer everything from a sixteen-foot aluminum skiff to steel vessels up to 300 feet, and virtually everything in between, making the diversity of Metal Shark’s portfolio truly unmatched in the industry,” Allard said. “Additionally, our Alabama yard’s complete refit and repair services will appeal to customers throughout the Gulf, and also those in the South Florida and Caribbean yachting community.