acquisition
Union Mechling Corp. Elects Smail President —Mechling Chairman
F.A. Mechling has been elected chairman of the board of directors of Union Mechling Corporation, barge transportation subsidiary of Dravo Corporation, Pittsburgh, Pa. Richard F. Smail was elected to succeed Mr. Mechling as president and chief executive officer of Union Mechling.
James A. Farrell Jr. Receives Admiral Of The Ocean Sea (AOTOS) Award
James A. Farrell Jr., chairman of Farrell Lines Incorporated, is the 1977 recipient of the Admiral of the Ocean Sea Award (AOTOS). At 76, and still active as chairman of his family-owned line, he has logged a full halfcentury of energetic pioneering service
Dome Acquires Davie Shipbuilding At Total Cost Of $38.6 Million
Dome Petroleum Limited and Davie Shipbuilding Ltd. recently announced that Dome has acquired all the shares of Davie for a total consideration of $38.6 million, consisting largely of shares of Dome and the balance in cash. Davie net income after tax for 1980 was $7 million.