Canadian Shipbuilder Intends to Purchase Galveston's Gulf Copper

Canadian shipbuilder intends to purchase Galveston's Gulf Copper

Davie intends to build icebreaker ships for the U.S. Coast Guard and U.S. Navy, said Joshua Owens, executive director of the Galveston Economic Development Partnership. Potential economic benefits to Texas could reach $1 billion in investment, while creating 2,000 to…

Quebec-based Davie Shipbuilding announces plans to buy Texas shipyards

Davie says it expects the acquisition to be finalized by the end of this summer – despite cross-border trade tensions

Canada's Davie Makes $1 Billion Deal for Texas Shipyard Gulf Copper

(Bloomberg) — Canadian shipbuilder Chantier Davie Canada Inc. is planning to invest more than $1 billion to buy and upgrade Galveston, Texas-based Gulf Copper & Manufacturing Corp. as part of its strategy to supply the US with icebreakers and other specialized ships.