Content Tagged As cb&i

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  • CB&I to close Addis fabrication shop

    July 18, 2014 3:01 PM

    BATON ROUGE- CB&I will begin to close its Addis fabrication shop in late September, a move that will put 126 employees out of work. The company disclosed the layoffs in a letter to the Louisiana Workforce Commission. CB&I cited unspecified economic reasons for the permanent closure in Addis. The... more »
  • Former Shaw exec pleads guilty to insider trading

    June 27, 2014 10:46 AM

    BATON ROUGE - The U. S. Attorney's Office announced Friday that former Shaw Group executive Scott David Zeringue pleaded guilty to insider trading for deals made before the company's merger with CB&I in 2012. Prosecutors said Zeringue, a vice president at Shaw's Plant Services Division, admitted in court that... more »
  • 18-year-old accused of threatening Geismar plant

    June 10, 2014 4:02 PM

    GONZALES - Police in Louisiana arrested a Texas man after they said he called in a bomb threat to an Ascension Parish plant. Gonzales Police accused Trenton Marshall Osburn of Baytown, Texas of terrorizing in connection with the May 22 incident. Police said Obsurn called the CB&I office... more »
  • CB&I plans job fair in Baton Rouge

    August 5, 2013 8:59 AM

    BATON ROUGE - CB&I, which announced earlier this month it was centralizing its governmental affairs division in Baton Rouge, will hold a job fair Aug. 10 at the Baton Rouge River Center. The company hopes to complete consolidation of about 400 governmental affairs employees by the end of the year.... more »
  • CB&I bringing 400 new jobs to Baton Rouge

    July 8, 2013 3:33 PM

    BATON ROUGE - CB&I, the company that bought the Baton Rouge-based Shaw Group, is expanding its presence in the capital city, moving 400 jobs there from out-of-state locations. The company and Gov. Bobby Jindal announced Monday that CB&I is centralizing a second of its four operating groups in Louisiana. Jindal... more »
  • Shaw founder sued for using name "Shaw"

    June 18, 2013 11:34 PM

    BATON ROUGE- The Shaw Group, now part of CB&I since a buyout recently, is suing founder Jim Bernhard and others, accusing them of using the company's name. Bernhard and the three partners are being sued in an effort to stop them from using the name "Shaw" in two business... more »
  • 'Shaw' sign removed from iconic post near Essen/I-10

    February 13, 2013 2:28 PM

    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... more »
  • CB&I completes Shaw acquisition

    February 13, 2013 11:08 AM

    BATON ROUGE - CB&I completed its acquisition of The Shaw Group Inc. Wednesday, a move that means Baton Rouge will no longer be headquarters for a Fortune 500 company. CB&I and Shaw shareholders overwhelmingly approved the $3 billion deal in December. CB&I will operate Shaw as a separate business unit... more »
  • Shaw deal to be signed Wednesday Play Video

    February 12, 2013 10:41 PM

    BATON ROUGE- Wednesday morning, Shaw and CB&I will sign the dotted line and seal the deal on a multi-billion dollar purchase. CB&I is buying the area's only Fortune 500 company. Shaw employs around 4,000 people in Louisiana, a thousand work in Baton Rouge. "We have a commitment from... more »
  • Shaw Group President reacts to merger of companies Play Video

    July 30, 2012 6:28 PM

    BATON ROUGE - The Shaw Group President, Chairman and CEO Jim Bernhard said "not all change is bad" after the company he started sold for $3.04 billion to Texas-based CB&I, formerly known as Chicago Bridge and Iron Co. Investors gained more than a 55 percent return from Friday when... more »
  • Chicago Bridge & Iron to buy Shaw Group for $3.04B

    July 30, 2012 10:14 AM

    BATON ROUGE - Chicago Bridge & Iron Co. says it has agreed to buy Baton Rouge-based Shaw Group Inc. for about $3.04 billion in cash and stock. The company, also known as CB&I, says the addition of Shaw will create one of the most complete companies building equipment to tap... more »

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