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July 25,2002

More details of Halter acquisition
A few more details are dripping out about the acquisition of Halter Marine by Vision Technologies Kinetics, Inc. a unit of Singapore Technologies Engineering Ltd.

Friede Goldman Halter has now put out a release on the subject saying that he sale includes the facilities of Halter Pascagoula, Halter Moss Point, Moss Point Marine, Halter Port Bienville, Halter Lockport, and Halter Gulfport East including the Corporate Headquarters and Gulfport Central.

"With the closing of this sale, which is expected to take place within 30 days, following final Hart-Scott-Rodino approval. Halter will have a solid balance sheet and a financially strong parent," says the statement. "This, combined with Halter's history of being a market leader will put the newly formed VT-Halter Marine Group at the forefront of the industry."

Meantime, there's rather more extensive commentary on the sale on Tim Colton's website www.coltoncompany.com

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