The Greenbrier Companies, Inc., based in Lake Oswego, OR, has completed the sale of its Gunderson Marine operations to Oregon Green Manufacturing, LLC (OGM). Gunderson Marine operates within a 58-acre industrial waterfront site in Portland, which OGM has acquired. The acquisition by OGM preserves approximately 300 family-wage jobs at Gunderson.
OGM plans to continue operations at Gunderson Marine, the vessel fabrication business that Greenbrier resumed on Front Avenue in Northwest Portland in 1995. Vessel building had previously occurred on the site from 1947-1985. The location has a history of more than 100 years, starting as a steel fabricator before transitioning to freight railcar and marine barge manufacturing.
The parties entered a non-competition agreement regarding Greenbrier’s core business of freight railcar-related products and services but otherwise did not disclose the terms of the transaction. Greenbrier previously announced the cessation of railcar manufacturing activity at the facility.
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