Oregon Ironworks, with its facilities in Oregon and Washington, fabricates equipment for various industries including marine, hydroelectric, bridges and commercial construction. Under the terms of the merger, Oregon Ironworks will become a wholly owned subsidiary of Vigor Industrial.
Vigor is based in Portland, Oregon, with facilities throughout the Pacific Northwest. Its focus is shipbuilding and ship repair. Vigor entered Alaska when it started managing the state-owned Ketchikan Shipyard in 2012.
Oregon Ironworks and Vigor agreed to terms on May 20th, and expect the merger to be complete before the end of June.
At that point, the combined company will employ about 2,300 people in Alaska, Oregon and Washington.
(This article has been edited to correct information related to ownership of the Ketchikan Shipyard.)