Posted on 7/27/2018
Vancouver based shipyard Christensen has been acquired by a Tennessee businessman, Henry Luke, according to local Vancouver news site columbian.com. Luke, who already owned 50 percent of the company’s shares, has been approved as the buyer of all of the company’s assests. This includes $5.5 million of tangible and intangible assess as well as machinery, computer software to trademarks and contracts for the construction of several hulls to WIT Washington.
The company used to be controlled by a board of directors consisting of Luken, Joe Foggia, the company’s former president, and David Christensen, the company’s founder. Luke commented, “We intend to operate the yard here as always,” but clearly has plans to assert change at the new Christensen. The company currently employs 90 people but Luke has plans to increase the wo...