Sale of Kimberly-Clark Property on Everett Waterfront Called Off

April 30, 2014

Everett, Everett Economy

Foss Tug will not relocate

The former mill site is likely going back on the market.

Working on details, but here’s a notice posted on Saltchuk’s website today announcing the failure of the two parties to come to a deal on environmental clean up for the Kimberly-Clark property on the Everett Waterfront. In October of last year Saltchuk announced a purchase and sale agreement to bring Foss Maritime to Everett. More as we get it…

3:30pm Update:
According to Kimberly-Clark Spokesman Bob Brand the below statement was jointly issued by both parties. Brand told the following in his email…”At this point Kimberly-Clark will move forward to aggressively market the property.”

Saltchuk, Kimberly Clark announce termination of purchase and sale agreement

April 30, 2014

Seattle, WA – The purchase and sale agreement for Kimberly-Clark to sell its Everett property to Saltchuk, which the two parties announced in October 2013, has been terminated. Despite the fact both sides worked diligently, they were unable to agree on the allocation of risks and responsibilities related to certain soil stability, seismic and environmental conditions as they relate to Saltchuk’s proposed use of the property as a ship yard and terminal.

Here is the written statement issued this afternoon by Everett Mayor Ray Stephanson…

I am disappointed that Kimberly-Clark and Saltchuk have not yet been able to reach an agreement, but I hold both companies in the highest regard and am hopeful they can resume their discussions. Preserving our working waterfront is important, and I believe a maritime use is a great fit for this unique site.

4:15pm Update: Saltchuk spokesperson Emily Reiter tells that talks ended in a friendly way and they would be open to further discussion with Kimberly-Clark but no new talks are scheduled. She said Everett was the preferred site for Foss Maritime and there currently is no Plan B. She added they are in no hurry to move the Foss operation out of Seattle at this time.

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