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As a subscriber you can listen to articles at work, in the car, or while you work out. Subscribe NowCompany and union officials say they don't expect immediate changes at a southern Indiana barge-building facility under the proposed sale of its parent company to a private equity firm.
American Commercial Lines Inc. announced Monday that Los Angeles-based Platinum Equity has offered a $777 million for the company, which includes the Jeffboat shipyard in Jeffersonville. Jeffboat has about 1,000 employees in Jeffersonville, including some 650 union workers at the shipyard.
Teamsters Local 89 official Jeff Cooper tells The Courier-Journal that union leaders have been assured that the sale wasn't going to change anything.
ACL vice president David Parker told The Evening News that the company will continue to be based in Jeffersonville and that there were no plans for layoffs.
Jeffersonville-based ACL is the 20th-largest public company in the state, reporting revenue of $846 million in 2009.
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