Chicago Bridge & Iron Company
CB&I, previously Chicago Bridge & Iron Co, was a large engineering, procurement and construction (EPC) company with its administrative headquarters in The Woodlands, Texas. CB&I specialized in projects for oil and gas companies, and once employed over 32,000 people worldwide. In May 2018 the company merged into McDermott International. McDermott struggled to integrate its acquisition of CB&I. On January 21, 2020, McDermott announced that it had filed for Chapter 11 bankruptcy due to asbestos litigation. A $22.5 million trust fund was made to handle asbestos claims.
| ISIN | US1672501095 |
|---|---|
| Industry | |
| Founded | 1889 |
| Founder | Horace E. Horton |
| Defunct | May 10, 2018 |
| Fate | Merged with McDermott International, Ltd |
| Headquarters | The Hague, Netherlands |
Area served | Worldwide |
Key people | Michael L. Underwood (Chairman of the Audit Committee) L. Richard Flury (Non Executive Chairman of the Board of Supervisory Directors) Patrick K. Mullen (President & CEO) |
| Revenue | $ 6.7 billion (2017) |
| $ -425.1 million (2015) | |
Net income | $ -504.4 million (2015) |
| Total assets | $ 5.97 billion (2017) |
Number of employees | >40,000 (June 2017) |
| Website | www |
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