BY STEVE CLARK/The Brownsville Herald
Article published May 3, 2017
BROWNSVILLE – More than two years after shutting down operations, the former Esco Marine Inc. ship recycling yard will restart operations under new ownership and a new name: SteelCoast.
The new company is a joint venture of Hilco Redevelopments Partners, a unit of Hilco Global, and MCM Marine Services, an affiliate of MCM Management Corp.
Gary Epstein, Hilco Global’s executive vice president and chief marketing officer, said the purchase of assets from the previous owner was completed Monday evening and that operations would restart immediately. Kris Wood, Esco’s former vice president of administration, was tapped as SteelCoast CEO.
Esco ceased operations in February 2015, putting 300 employees out of work, and filed for bankruptcy the following month. The decommissioned
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