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Saltchuk, Kimberly Clark announce termination of purchase and sale agreement

April 30, 2014

SEATTLE – 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.

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