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'Shaw' sign removed from iconic post near Essen/I-10

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Posted: Feb 13, 2013 2:28 PM by Trey Schmaltz
Updated: Feb 13, 2013 2:28 PM
Source: WBRZ

  Rating: 5.0 (1 vote)

Topics: CB&I, Shaw Group, Fortune 500, acquisition

BATON ROUGE- Crews began removing signs from the former Shaw compound on Essen Lane Wednesday, after a multi-billion dollar deal to purchase the business was closed.

CB&I completed its acquisition after signing documents at the Secretary of State's Office earlier in the day. The move means the Capital City will no longer be the headquarters for a Fortune 500 company.

CB&I will operate Shaw as a separate business unit under the name CB&I Shaw. Headquarters functions at the company's Baton Rouge offices have shifted to The Woodlands, Texas, where CB&I is based.

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