FGD and DeNOx
NEWSLETTER       

February 2011
No. 394

KBR Acquires Roberts & Schaefer

Engineering and construction company KBR, Inc. has acquired Chicago-based Roberts & Schaefer Co., a subsidiary of Elgin National Industries. The purchase price is $280 million plus preliminary networking capital of $12 million with final adjustment after closing. Roberts & Schaefer is an engineering, procurement and construction services company specializing in bulk material handling and processing systems. The company provides services to customers in the mining and minerals, power, industrial, refining, aggregates, and precious and base metals industries.

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