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Todd Shipyards Corporation
built 654 days ago
Todd Shipyards Corporation has operated shipyards in the U.S. since 1916. Its wholly owned subsidiary, Todd Pacific Shipyards in Seattle, performs a substantial amount of repair and maintenance work on commercial and federal government vessels and provides new construction and industrial fabrication services for a wide variety of customers. Its customers include the U.S. Navy, the U.S. Coast Guard, NOAA, the Washington State Ferry system, the Alaska Marine Highway System, and various other commercial and governmental customers.
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Todd Shipyards Corporation (Todd), which operates through its wholly-owned subsidiary Todd Pacific Shipyards Corporation, is a Seattle-based private shipyard that repairs, builds and effects conversion work on ships from both the public and private sectors. The business comprises mainly of repair and maintenance on commercial and federal government vessels engaged in various maritime activities in the Pacific Northwest. The company primarily operates in the US. It is headquartered in Seattle, Washington and employs about 800 people.
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Todd Shipyards Corporation announced that it has signed an agreement to purchase the assets of Everett Shipyard, Inc. (ESY). ESY performs ship repair work for a range of government and commercial customers at two locations in Everett, Washington. Terms of the transaction were not disclosed.
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Todd Shipyards Corporation was started in June 1916 with the backing of the three financiers: Bertron, Grecisms & Company; White, Weld & Company; and William H. Todd. The organization itself was a product of the incorporation of three established companies: Robins Dry Dock & Repair Company, Tietjen & Long Dry Dock Company, and the Seattle Construction & Dry Dock Company. The namesake of the company, William Henry Todd, joined the primary Erie Basin shipbuilding operators, the John N. Robins Company, in 1895 as the boilermaker. Todd's diligence and business prowess landed him in the president's seat of the company on December 31, 1909.
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The Todd Shipyards Corporation was launched in June 1916 with the financial backing of Grecisms, Bertron & Company, White, Weld & Company, and William H. Todd. The association itself was a product of the merging of three established companies: Robins Dry Dock & Repair Company, Seattle Construction & Dry Dock Company, and Tietjen & Long Dry Dock Company. The namesake of the enterprise is the late William Henry Todd, who united the primary Erie Basin shipbuilding manufacturers, the John N. Robins Company, in 1895. Todd’s persistence and business prowess earned him the president's seat of the company on December 31, 1909. With the aid of supporters, Todd purchased the Erie Basin shipyard from the Thomas Clyde family, the proprietors of Robins Dry Dock & Repair Company, to keep it from falling into the hands of the British. Todd intended to expand his recently formed William H. Todd Corporation, and in 1916, the corporation accumulated two more yards.
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One year after the conclusion of World War II, Todd Shipyards acquired the title to a plant at San Pedro, California, that the U.S. Navy had asked the company to manage in 1943. The San Pedro plant would eventually constitute Todd Shipyards' Los Angeles division, one of the three pillars, along with its facilities in Galveston and Seattle, that would support the company as it grew to become the largest independent shipbuilder in the country. During the 1950s and 1960s, as Todd Shipyards climbed the industry's ranks, the company derived its business from both civilian and military contracts, building its annual revenue total to approximately $175 million by the beginning of the 1970s.
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Todd Shipyards Corporation