Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Corporation a provider of dredging services in the United States and a provider of commercial and industrial demolition services, announced that it has signed definitive agreements to purchase dredging equipment from affiliates of C.F. Bean LLC (“Bean”).
The terms of the agreements call for Great Lakes Dredge & Dock Corporation (“Great Lakes”) to purchase from Bean, the “Eagle I”, a 6,400 cubic yard hopper dredge and the “Meridian”, a hydraulic dredge, along with attendant plant, for an aggregate purchase price of $52.5 million. It is the Company’s intention to invest approximately $12 million of additional funds to upgrade and outfit certain equipment.
April 11, 2007 11:06 AM | Category: Great Lakes