Offshore Staff
(US, GoM) - New Iberia, Louisiana-based Dynamic Industries, Inc. (Dii) has acquired the assets of Mid-Fab (formerly UNIFAB) of New Iberia, Louisiana, increasing its construction and fabrication acreage from 107 to 274 acres.
Included in the purchase is a 35,000-sq ft dedicated roll mill shop, increasing total facility space from 187,500 sq ft to nearly 513,000 sq ft and covered shop space in excess of 218,000 sq ft.
Mike Moreno, CEO of Dii, says, "We are very excited about this acquisition as we foresee a continued strong growth for fabrication upstream and downstream both in domestic and international markets."
"Dii, already having the largest offshore crew in Gulf of Mexico, will continue to expand its presence throughout Venezuela, Angola, Trinidad, Nigeria, Mexico, and in other countries," he adds.
Dii is a fabricator of equipment modules and other structures that are used in oil and gas production. Additionally, the company designs, procures, builds, refurbishes, and retrofits offshore jackets and decks, and performs repair and refurbishment work for oil and gas drilling rigs.
07/12/06
