By Mark Edward Nero
BAE Systems said Jan. 2 that it has completed the sale of its San Francisco Ship Repair business to Puglia Engineering, a Tacoma, Washington-based vessel repair company operating two shipyards in Washington State and one near Oakland.
The sum of the transaction was not disclosed.
The San Francisco yard offers maintenance, alteration and repair services to cruise liners from Alaskan and Mexican trade routes, trans-Alaska pipeline tankers, military support vessels, local bay traffic, bulk carriers and container ships.
“We believe this divestiture is in the best interests of the San Francisco shipyard employees and both companies, as it will better position the San Francisco Ship Repair business with a parent company that has access to broader markets,” said Erwin Bieber, President of BAE Systems’ Platforms & Services sector.
Puglia Engineering operates shipyards in Tacoma, Washington; Bellingham, Washington and Alameda, California, near Oakland.
BAE Systems provides ship repair, maintenance, modernization, conversion, and overhaul services for the US Navy, other government agencies and select commercial customers, and operates six full-service shipyards in Alabama, California, Florida, Hawaii and Virginia.