Agoura Hills Firm to Bid for Todd Shipyards in San Pedro
- Share via
An Agoura Hills-based marketing and engineering firm has announced that it has thrown its hat into the ring of bidders who are trying to purchase Todd Pacific Shipyards in San Pedro in the wake of the company’s decision to shut down the yard.
Intercontinental Logistics Inc., which two years ago represented Todd in its unsuccessful bid to win Greek shipbuilding contracts, said Friday that it is negotiating with Todd and the Los Angeles Harbor Department, which leases its land to Todd.
Todd officials have said that at least three bidders are interested in taking over the San Pedro yard, but the identity of the other potential owners has not been disclosed.
According to a statement released by Intercontinental Logistics, its bid may involve “a joint cooperation or other effort” with the union representing the shipyard workers. Union officials confirmed that negotiations are under way, but both sides said talks are in the preliminary stages.
Inside the business of entertainment
The Wide Shot brings you news, analysis and insights on everything from streaming wars to production — and what it all means for the future.
You may occasionally receive promotional content from the Los Angeles Times.
