An industrial contracting and fabrication company with an office in Ferndale was recently acquired by an international energy industry services provider.
Greenberry Industrial, based in Vancouver, Washington with offices in Ferndale; Corvallis, Oregon and Cutbank, Montana, sold to NAES Corporation, which is part of ITOCHU Corporation and has operations in more than 80 countries.
Chris Murray, senior project manager at Greenberry’s Ferndale office, said in an email that the move is positive and welcomed by all parties. He said there won’t be noticeable changes to Greenberry’s local operations.
Greenberry has about 90 local employees and another 250 throughout the Northwest.
“I would like to emphasize NAES is an energy company, and they are planning significant long term capital investment in Greenberry across all business lines to strengthen our market position and to continue with Greenberry operating, status quo,” Murray said.
In a press release, NAES’ CEO Robert E. Fishman said the move gives NAES a “platform of scale and diversification in non-union construction, fabrication and maintenance services.”
“Operating as a wholly owned subsidiary of NAES, it will expand our presence and service offerings in the oil and gas, industrial, energy, and pulp and paper markets, implementing another step of our strategic plan,” he said in the news release. “Greenberry proudly maintains a distinguished record as one of the safest fabrication and field services companies in the industry, which aligns perfectly with our own commitment to safety as a core value of NAES.”
For more information about Greenberry Industrial, see its website.