KBR has acquired Chicago based Roberts & Schaefer Company. Roberts & Schaefer, a subsidiary of Elgin National Industries, provides engineering, procurement and construction (EPC) services for bulk material handling and processing systems. The company supplies services and associated processing infrastructure to customers in the mining and minerals, power, industrial, refining, aggregates, precious and base metals industries.
The purchase price is US$ 280 million, plus preliminary net working capital of US$ 12 million with final adjustment after closing.
In addition to its Chicago headquarters, Roberts & Schaefer has operations in locations that include Salt Lake City, Utah; Brisbane, Australia; Gliwice, Poland; Jakarta, Indonesia; and Ahmedabad, India. The company also includes Soros, a provider of material handling solutions for port and marine applications, and Separator, providing services to coal, minerals and power markets in Eastern Europe.
Read the article online at: https://www.hydrocarbonengineering.com/gas-processing/23122010/kbr_acquires_roberts_and_schaefer_company-/