Government Okays Pasha Acquisition of Horizon Lines Vessels, Other Assets

 

June 2015

 

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SIU members will continue sailing aboard four Horizon Lines ships once those vessels are formally obtained by The Pasha Group, following a late April announcement by the U.S. Department of Justice clearing the acquisition.

 

Pasha reported it expects “final closing” on the acquisition by the end of June. In addition to the ships (Horizon Enterprise, Horizon Pacific, Horizon Reliance and Horizon Spirit), The Pasha Group will also acquire Horizon subsidiaries Hawaii Stevedores, Inc.; the California-based operations of Sea-Logix, LLC, which provides trucking and warehousing services; and Sunrise Operations, a subsidiary that will include Horizon’s Hawaii-based employees. After closing, Pasha will partner with Jacksonville, Florida-based Crowley Maritime Corporation – an SIU-contracted company – to provide ship management of the vessels and crew through Crowley subsidiary Marine Transport Management, Inc.

 

In a news release following the Justice Department’s announcement, Pasha indicated it “plans to make significant upgrades to the Horizon fleet.”

 

“We are excited for the opportunity to welcome Horizon’s Hawaii family of employees to the Pasha team,” said George Pasha IV, president and CEO. “I am confident that the combination of our two businesses will allow us to more effectively serve our new expanded customer base. I look forward to working together with all of our customers to assure we deliver solutions that meet and exceed expectations.”

 

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