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USEC Inc to Sell NAC International to Hitachi Zosen Corp's Hitz Holdings U.S.A. Inc

Thursday, 24 Jan 2013 04:30pm EST 

USEC Inc announced that it has entered into a stock purchase agreement to sell NAC International Inc. to Hitz Holdings U.S.A. Inc., a subsidiary of Hitachi Zosen Corporation, for $45 million in cash following a competitive sale process. USEC acquired NAC in 2004 as NAC was adding to its diverse suite of spent fuel management technologies with the development and licensing of its ground-breaking MAGNASTOR technology. In addition to specializing in technologies for the safe interim storage of spent nuclear fuel, NAC also provides transportation services for radioactive material and nuclear industry and government consulting services. Hitachi Zosen has a long-standing business relationship with NAC as a fabricator of NAC`s dry cask storage and transportation systems and is a supplier of such systems in Japan. 

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5.0 +0.81%
21 Nov 2014