Todd Shipyards Corp. said it’s being purchased by Vigor Industrial LLC of Portland, Ore., for $130 million. The 94-year-old Seattle shipyard (NYSE: TOD) operates Todd Pacific Shipyards Corp., the largest private shipyard in the Pacific Northwest. It employs approximately 800 people.
Vigor operates Vigor Marine LLC and Cascade General at the Portland Shipyard in Portland; Washington Marine Repair in Port Angeles; and Vigor Marine Tacoma in the Port of Tacoma.