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Moody Fabrication & Machine, Inc.

From Wikipedia, the free encyclopedia
Moody Fabrication & Machine, Inc.
Company typeSubsidiary of M. D. Moody & Sons, Inc.
IndustryHeavy equipment, Metal fabrication, Tugboat, Barge,
FoundedJune 30, 1994
Defunct2014
FateChapter 11, Title 11, United States Code
SuccessorDell Marine Tug & Barge
Headquarters
Key people
Maxey Dell Moody III
(President & CEO)
ParentM. D. Moody & Sons, Inc.

Moody Fabrication & Machine, Inc. was a subsidiary of M. D. Moody & Sons, Inc. that manufactured parts for heavy machinery equipment as well as operated barges for the transport of marine and construction equipment. It was located at the Bellinger Shipyard on the Intracoastal Waterway between Jacksonville and Atlantic Beach.[1] In October 2014, M. D. Moody & Sons, Inc. sold the Bellinger Shipyard to Jacksonville Intracoastal, LLC. for $9.4 million.[2]

Operations

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Moody Fabrication & Machine, Inc. operated out of the headquarters of M. D. Moody & Sons, Inc. in 1994 fabricating sheet metal and manufacturing parts for heavy machinery. In February 1995 a shipyard on the Intracoastal Waterway called the Bellinger Shipyard was sold to M. D. Moody & Sons, Inc. for $1.9 million by Fruehauf Trailer Corporation.[3] Moody Fabrication & Machine moved to the newly purchased Bellinger Shipyard where it operated for 19 years. The main operations of Moody Fabrication is its crane boom shop, fabrication shop, and its machine shop. The crane boom shop builds and repairs crane booms for various crane manufacturers. Employees of Moody Fabrication are certified welders who perform repairs, machine work, and millwright work. The Bellinger Shipyard was also shared with MOBRO Marine, Inc. Moody Fabrication & Machine utilized the Intracoastal to transport completed products such as tugboats and heavy equipment.[4]

Decline

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During the Great Recession in March 2010 Moody Fabrication & Machine declined in business. At the same time M. D. Moody & Sons, Inc. had filed for Chapter 11 Banktruptcy putting the fate of Moody Fabrication & Machine in jeopardy.[5] Because of a decline in business M. D. Moody decided to sell the Bellinger Shipyard and gradually cease operations of Moody Fabrication & Machine. In October 2014 M. D. Moody sold the Bellinger Shipyard to Jacksonville Intracoastal LLC. for $9.4 million.

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References

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  1. ^ Littlepage, Ronald (December 10, 2006). "Development near Intracoastal Bears Scrutiny". Florida Times-Union. Retrieved September 7, 2015.
  2. ^ Thurlow, Andrew. "Waterfront condo development planned for abandoned industrial space that sold for $9.4 million". Bizjournals.com. Jacksonville Business Journal. Retrieved July 12, 2015.
  3. ^ "Fruehauf sells 2nd shipyard". Ocala Star-Banner. Ocala Star-Banner. Retrieved July 13, 2015.
  4. ^ Hamrick, Don (August 17, 1998). "Moody celebrates 85th anniversary". Dixie Contractors. 73 (4): 109–114.
  5. ^ "Middle District of Florida bankruptcies rise 50% in first half - Jacksonville Business Journal". Archived from the original on 2014-03-14.