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B&W to Acquire Nuclear Fuel Services.
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Business Wire
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August 11, 2008
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Copyright informationCOPYRIGHT 2008 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Purchase of critical U.S. nuclear fuel supplier expands capabilities
HOUSTON -- McDermott International, Inc. ("McDermott") (NYSE:MDR) announced today that an affiliate of its subsidiary, The Babcock & Wilcox Company ("B&W"), has entered into a definitive agreement to acquire Nuclear Fuel Services, Inc. ("NFS"), a provider of specialty nuclear fuels and related services. This acquisition strengthens B&W's nuclear manufacturing and service business for government and commercial markets.
NFS is a leader in the conversion of Cold War-era government stockpiles of highly enriched uranium into commercial nuclear reactor fuel. The company also operates a fuel production ...
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