N.O.-based J. Ray McDermott completes sale of fabrication facility
New Orleans CityBusiness, Dec 20, 2004 by CityBusiness Staff
J. Ray McDermott S.A., a subsidiary of New Orleans-based McDermott International Inc., completed the sale of its Ardersier, Scotland, fabrication facility. The plant, which had been inactive since 2001, was sold to an undisclosed buyer for approximately $14.5 million. Proceeds will be used to reduce debt.
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