Gunderson Marine has launched greater than 2,000 barges through the years, together with this 55,000-barrel ATB barge launched for Crowley again in 2021.
The Greenbrier Companies, Inc. (NYSE: GBX) experiences that it has accomplished the sale of its Gunderson Marine operations to Oregon Green Manufacturing, LLC (OGM).
Gunderson Marine operates inside a 58-acre industrial waterfront website at Front Street, Portland, Oregon, which OGM has acquired. The acquisition by OGM preserves roughly 300 family-wage jobs at Gunderson.
OGM is a producing enterprise not too long ago shaped by two established, skilled Oregon producers and businesspeople, Terrence (“Terry”) Aarnio and Marvin (“Dee”) Burch.
Aarnio was the chairman and majority proprietor of Oregon Iron Works, Inc. till its acquisition by Vigor Industrial in 2014. Burch is the president of Advanced American Construction (AAC).
OGM plans to proceed operations at Gunderson Marine, which operates from the biggest facet launchways on the U.S. west coast and is accessible year-round for oceangoing vessels. The location has a historical past of over 100 years, beginning as a metal fabricator earlier than transitioning to freight railcar and marine barge manufacturing.
The events entered a non-competition settlement relating to Greenbrier’s core enterprise of freight railcar-related services and products however in any other case didn’t disclose the phrases of the transaction. Greenbrier beforehand introduced the cessation of railcar manufacturing exercise on the facility.
“We have been a steward of the Gunderson location since entering railcar manufacturing in 1985,” stated Greenbrier CEO and president Lorie Tekorius. “The facility holds a special place in the life of Portland and Oregon. Ensuring the continued employment of our dedicated workforce was a priority in selecting a buyer for Gunderson Marine. We know Terry, Dee and their team share Greenbrier’s community and people-first mindset, which will be a principal focus as OGM moves forward.”
“We are proud of Gunderson Marine’s history and performance and are well-positioned to grow the marine business,” stated Aarnio. “We look forward to making investments in product development and infrastructure enhancements. Greenbrier and OGM share the same vision. We value innovation, customer service and delivery of high-quality products.”
“Terry and I expect to expand and diversify our operations on Front Avenue,” stated Burch. “We have decades of combined experience in the industrial space, including manufacturing, construction and technology. The facility is a premier location for a range of energy efficiency and infrastructure fabrication projects supported by recently enacted federal funding which we will actively pursue. Gunderson Marine provides us with a foundation of great products, an advanced manufacturing facility and a talented team. The strength of Gunderson Marine is the professionalism and quality of the workforce and the culture that Greenbrier instilled. The potential to build on the barge business and add other business lines is unmatched at any manufacturing facility on the west coast.”
