Ogden Corporation has announced the acquisition of Bulk Transport and affiliated companies in a transaction involving more than $25-million in Ogden stock, according to Ralph E. Ablon, chairman of Ogden.
The acquisition of Bulk, according to Mr. Ablon, is an important addition to the systems capability of Ogden's Engineered Transportation group. This group now comprises International Terminal Operating Co. Inc., major marine terminal operators; Logistics Systems, Inc., a company engaged in creative systems analysis for transportation logistics; and, pending a favorable tax ruling, Soros Associates, Inc., an engineering consulting firm, specializing in engineering of integrated transportation facilities.
Bulk Transport will enable Ogden to offer a more complete systems service to industry. Bulk owns and operates 15 American-flag vessels, including nine bulk carriers, two tankers, and four freighters, as well as three foreign-flag bulk carriers. In addition, two 37,500-dwt American-flag tankers are under construction and scheduled for delivery during the first half of 1969.
Ogden Corporation is a multi-management industrial operating company with diverse interests including foods, marine construction, metals, technology products, transportation systems, and real estate development.