Pasha’s Acquisition of Horizon Lines Cleared
As part of the plan for Pasha Group, who operates Pasha Hawai’i, to take over Horizon Lines, Inc. the United States Department of Justice has cleared the acquisition, allowing for the closing of the business deal.
Operating in Hawai’i and on the mainland since 2005, Pasha Group has become one of the nation’s leading Jones Act shipping and integrated logistic companies. When the acquisition closes, Pasha Hawai’i will take over operations for all of Horizon’s Hawai’i business, including Horizon Lines’s four United States flag container ships in the Hawai’i trade lane.
Along with the ship, the Pasha Group will gain Horizon subsidiaries Hawai’i Stevedores, Inc., Sea-Logix, LLC, and Sunrise Operations. Sea-Logix provides trucking and warehousing services and is based in California. Sunrise Operations is a subsidiary that includes Horizon’s vessels and Hawai’i based employees.
After the closing, Pasha will partner with Jacksonville, FL. based Crowley Maritime Corporation to provide ship management of the vessels and crew through Crowley subsidiary Marine Transport Management, Inc.
Horizon Hawai’i will work alongside Pasha Hawai’i Operations. According to Pasha officials, the expansion of operations in Hawai’i will all the company to provide customers with a wider offering of high-quality, scheduled shipping, and logistics services for containers, refrigerated containers, and roll-on/roll-off cargoes.
“We are excited for the opportunity to welcome Horizon’s Hawai’i family of employees to the Pasha team,” said George Pasha, IV, President and CEO. “I am confident that the combination of our two businesses will allow us to more effectively serve our new expanded customer base. I look forward to working together with all of our customers to assure we deliver solutions that meet and exceed expectations.”
Upgrades are expected for the Horizon fleet and company officials note that environmental responsibility and stewardship will continue to play a large part of Pasha Hawai’i’s culture and vessel operations.