Article: Virginia co. acquires Tenn. nuclear fuel provider

A Virginia company that specializes in nuclear technology services has completed its acquisition of Tennessee-based Nuclear Fuel Services Inc. for an undisclosed price, the companies announced Monday.

A subsidiary of Lynchburg-based Babcock & Wilcox Co. has acquired the 793-employee NFS facility in Erwin, about 120 miles northeast of Knoxville. The deal combines the only commercial enterprises in the country licensed by the Nuclear Regulatory Commission to manufacture, possess and store highly enriched uranium.

Privately held Nuclear Fuel Services had been looking for a buyer following stepped-up efforts to improve safety after the belated disclosure of a uranium leak ...

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