Foss owner seeks more time to evaluate Everett mill site

EVERETT — Saltchuk, the Seattle-based company in talks to buy the Kimberly-Clark Corp. waterfront mill site, has asked for more time to finish due diligence on the land.

Saltchuk still aims to close the deal before July, said Emily Reiter, a spokeswoman for the transportation and petroleum distribution company. And Kimberly-Clark spokesman Bob Brand said the Dallas-based company is willing to grant more time and is working with Saltchuk on the terms.

Saltchuk didn’t ask for more time because it uncovered any surprises about the 66-acre site in the Port of Everett or is having second thoughts, Reiter said.

“It’s just a little more complicated than we had time for in the four-month period,” she said.

Saltchuk is buying the land as a new home for its subsidiary, Foss Maritime Co., which operates a shipyard and maintains a fleet of tugs, barges and other specialty vessels.

Foss has outgrown its 25-acre home along Seattle’s freshwater Ship Canal, which employs up to 250 workers during busy times and as few as 75 during slow periods. The company also has a smaller shipyard in Rainier, Ore., which would not move.

After the sale, the maritime company would transition to Everett likely in phases, Reiter said.

Saltchuk’s other holdings include companies involved in shipping, trucking, marine transport, air cargo and petroleum distribution. The private, family-owned company employs about 6,500 people nationwide, including about 800 around metro Puget Sound.

Kimberly-Clark is removing petroleum-contaminated soil from the area, which has been in heavy industrial use for decades, while waiting for the state Department of Ecology to approve a site cleanup plan.

The company identified the contaminated spots while demolishing its paper mill, Brand said.

Kimberly-Clark acquired the land in the 1980s when it bought the Scott Paper Co.

The deal with Saltchuk was announced last October. Neither side will comment on the sale price.

Sale of the land doesn’t depend on finishing the cleanup, Brand said.

After the sale, cleanup would continue even as Foss started moving to its new home at the Port of Everett, he said.

“It’s hard to predict an end date” for the cleanup, which could go into 2015, Brand said.

The cleanup work now is focused largely on contaminated dry land. The earth below the East Waterway will also have to be cleaned up, but that process is just starting, he said.

Dan Catchpole: 425-339-3454; dcatchpole@heraldnet.com; Twitter: @dcatchpole.

More in Business

Newest must-try eatery: 85°C Bakery Cafe in Lynnwood

The popular bakery, part of a Taiwan-based chain, is already drawing out-the-door crowds.

Trudeau: Canada could stop dealing with Boeing over dispute

Boeing had petitioned the U.S. to investigate government subsidies of Bombardier’s CSeries aircraft.

Toys ‘R’ Us files for bankruptcy but keeps stores open

Retailers of all kinds are struggling. Toys ‘R’ Us is among at least 18 other bankruptcies this year.

Marysville-Arlington fiber-optic link planned by Comcast

The high-speed internet line, to be ready next year, is seen as a boost for business development.

‘Cheese that was grass 24 hours ago’ wins a farm accolades

Ferndale Farmstead specializes in authentic Italian cheeses — made with with American milk.

Snohomish County Business Licenses

PLEASE NOTE: Business license information is obtained monthly from the Washington Secretary… Continue reading

Coastal Community adds business relationship manager

Coastal Community Bank has hired Corbin Resseguie as a business relationship manager… Continue reading

Operation School Bell celebrates 52 years of service

On Sept. 20, Operation School Bell celebrates 52 years of service. Operated… Continue reading

Aerospace supplier MTorres consolidates into Everett site

Aerospace supplier MTorres has relocated into a 60,000 square-foot building in southwest… Continue reading

Most Read