NORWEGIAN COMPANY TO ACQUIRE FGH UNIT

摘要

Hydralift, Kristiansand, Norway, last month entered into an agreement with Friede Goldman Halter Inc. (FGH) to acquire Brissoneau & Lotz Marine S.A. in Nantes, France, and its sister company BOPP S.A. in Brest, France).The net cash consideration for BLM is $33.5 million. Having been continuously profitable for more than the last ten years, BLM expects to generate revenues of some $50-60 millions in 2001, generating margins comparable to Hydralift's own.