The former president of Seaward International Inc. has agreed to plead guilty to a bid-rigging scheme involving projects with the U.S. Navy and U.S. Coast Guard, as well as to a charge of bribing a New York official in an effort to win orders for Seaward products.
Robert Taylor will serve 30 months in prison and pay a $100,000 fine, according to a Department of Justice news release. Taylor was charged with participating in several conspiracies between January 2000 and August 2005.
Clearbrook-based Seaward manufactures marine products, such as buoys, pilings and fenders. It also produces other wares made from various plastics, including polyethylene and polyurethane.
Trelleborg AB of Stockholm, Sweden, acquired Seaward in December 2002. Seaward operates under the umbrella of Trelleborg Engineered Products Inc.
A company spokesman confirmed Taylor was replaced as Seaward's president, but declined further comment.
Trelleborg briefly addressed the investigation in the company's recently released year-end report: ``Discussions are in progress with the authorities concerned and it has been deemed probable that a settlement will be made, possibly as soon as sometime during the first six months of 2007.''