Dynamic Industries Acquires Mid-Fab
Dynamic Industries, Inc., one of the largest privately-held fabrication, and construction firms, in the Gulf of Mexico, based in New Iberia, Louisiana, continues to enhance its capacity and capability by adding yet another key asset to its rapidly expanding list of facilities.
Dynamic Industries, Inc. (Dii) has now finalized its acquisition of the assets of Mid-Fab (formerly UNIFAB) of New Iberia, Louisiana. Construction and fabrication facilities for Dii will increase from 107 acres to over 274 acres. Included in the purchase, is a 35,000 s.f. dedicated roll mill shop. Total facility space increases from 187,500 s.f. to nearly 513,000 s.f. Covered shop space will now be in excess of 218,000 s.f.
Dynamic Industries is a leading fabricator of equipment modules, and other structures that are used in oil and gas production. Additionally, Dii designs, procures, new-build, refurbishes, and retrofits offshore jackets and decks, as well as repair and refurbishment for oil and gas drilling rigs.
Although details of the acquisition are still to be released, Mike Moreno, CEO of Dynamic Industries, Inc. stated, "We are very excited about this acquisition. We foresee a continued strong growth in fabrication upstream and downstream both domestic and international markets.
Moreno continued, "We constantly seek qualified individuals to work in nearly every area of our company." Dynamic Industries, already having the largest offshore crew in Gulf of Mexico, will continue to expand its' presence throughout Venezuela, Angola, Trinidad Nigeria, Mexico and other countries as opportunities arise.
Throughout its more than 20 year history, Dynamic Industries, Inc. led by Mike Moreno since 1998, has evolved to become one of the leading global fabrication and field services companies serving the upstream and downstream sectors of the Oil and Gas and Petrochemical industries.
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