Ingram Purchases Assets Of Ohio Barge Line And Mon-Valley Transportation
E. Bronson Ingram, president of Ingram Industries Inc., recently announced the purchase from United States Steel Corporation and its subsidiaries, Ohio Barge Line, Inc. and Mon-Valley Transportation Company, of substantially all their marine assets. OBL's 15 boats and 516 barges will almost double the size of Ingram Barge Company, the subsidiary of Ingram Industries, which will operate the combined fleet and assume the numerous Ohio Barge Line affreightment contracts.
"Ingram and OBL have complementary traffic patterns and complementary fleets. In combination we will be one of the largest and most efficient carriers in the industry." Ingram had previously doubled its dry cargo barge fleet in the last 18 months, thus establishing itself as a major carrier on the Upper Mississippi River. With the combined Ingram/OBL fleet, In- gram will become a major carrier on the Ohio and Illinois Rivers as well, The OBL equipment will also pro- vide Ingram with greatly expanded in the area of chemicals affreightment.
In addition to moving grain and petroleum products, Ingram Barge transports significant amounts of limestone rock, coal, fertilizer, scrap steel, steel products, and a wide variety of other products. The com- is the river's largest carrier of fuel oil for industry and utilities.
Ingram Barge Company is a subsidiary of Ingram Industries Inc., headquartered in Nashville, Tenn.
A privately held corporation, its diversified businesses include inland marine transportation and aggregates supply, consumer products distribution, coal production and sales, petroleum wellhead equipment manufacturing and insurance.
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