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Pott Industries Inc. Becomes HNG Subsidiary Houston Natural Gas Corpora- tion (HNG) has acquired Pott In- dustries Inc. of St. Louis, Mo., through a tax-free exchange of 4,881,046 shares of HNG com- mon stock for all of Pott's com- mon and preferred stock out- standing. Pott will continue to headquar- ter in St. Louis and will be oper- ated under its present manage- ment as a wholly owned HNG subsidiary. Pott has approximate- ly 3,000 employees worldwide. H.T. Pott will remain chair- man of the Pott board of direc- tors and Richard P. Conerly will continue as president. Mr. Con- erly also will become a director of HNG. Pott and its subsidiaries are energy-related companies engaged in marine transportation and serv- ices to the offshore petroleum in- dustry; construction and repair of towboats, barges, dredges, oceangoing tugs and supply boats; and marine transportation on United States inland and intra- coastal waterways. Pott's Offshore Marine Services Division, which headquarters in New Orleans, La., includes Gulf Mississippi Marine Corporation, DeFelice Marine Contractors, Inc., and several foreign subsidiaries. While the Division operates world- wide, its primary operations are in the Gulf of Mexico, the Middle East and the North Sea. Another subsidiary, Quality Equipment, Inc. of Houma, La., constructs tugs and supply boats for the off- shore petroleum services industry. The St. Louis Ship Division's operations include a major inland shipbuilding and repair facility in St. Louis; Caruthersville Ship- yard, Inc., Caruthersville, Mo.; Paducah Marine Ways, Inc., Pa- ducah, Ky.; and Engineering Con- trol, Inc., which designs and sells heat recovery systems. An affili- ate, Dixie Dredge Corporation, also manufactures dredges at the St. Louis facility. Federal Barge Lines, one of the larger barge systems in the United States, its subsidiary, Gulf-Canal Lines, and United Barge Co. operate fleets trans- porting grain, steel, coal and other commodities, primarily on the Mississippi River and its trib- utaries and Gulf Intracoastal Waterways. HNG's principal lines of busi- ness are intrastate natural gas transmission, oil and gas explora- tion and production, coal mining, and production and marketing of carbon dioxide and other indus- trial gases. Raytheon Names Street Commercial Sales Mgr. For West Coast Region Jack Street Jack Street has been named commercial sales manager for Raytheon Marine Company's West Coast region. He will be respon- sible for selling the company's lines of shipboard radar systems, depth sounders, marine radiotele- phones, and navigation aids to ma- rine operators in Washington, Or- egon, California, Alaska, Hawaii, and British Columbia. Since joining Raytheon in 1965, Mr. Street has held various tech- nical and service management po- sitions in San Francisco and Mi- ami, as well as at the firm's headquarters in Manchester, N.H. Most recently, he has been based in Seattle, Wash., as Raytheon's West Coast manager. Prior to join- ing Raytheon, he held various technical positions with Avco and Boeing. Mr. Street attended Wichita Tech, and is a veteran of the U.S. Navy where he served as an elec- tronics technician. USA: Dasic The Jetfan 125 is truly portable, weighing only 43kg (95lbs) it can be easily installed, converted, and operated by just one man. With its unique dual purpose design and high performance, of 12,500 cubic metres per hour air throughput, the Jetfan is economic, safe, and super-efficient. International Corp., 1035 Southeast Ninth St., Portland, OR 97214 Phone: 503/238-0399 TWX: 910-464-8085 View of top showing safety mesh Write, telephone or telex today for detail: of the Jetfan 125 to: Dasic International Limited Winchester Road, Romsey, Hampshire. Tel: Romsey 512419. Telex: 47548. 24 Maritime Reporter/Engineering News
