Contractors Unlimited

KBR Acquires Roberts and Schaefer Company

KBR KBR announced that it has acquired Chicago-based Roberts & Schaefer Company. Roberts & Schaefer, a subsidiary of Elgin National Industries, is a global leader in engineering, procurement and construction (EPC) services for bulk material handling and processing systems. The company provides 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 $280 million, plus preliminary net working capital of $12 million with final adjustment after closing.

In addition to its Chicago headquarters, Roberts & Schaefer has major operations in locations that include Salt Lake City, Utah; Brisbane, Australia; Gliwice, Poland; Jakarta, Indonesia; and Ahmedabad, India. Roberts & Schaefer 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.

"We are pleased to add the capabilities and talented staff of Roberts & Schaefer to KBR. This acquisition enhances our strategy to be a leading services provider in commodity markets and we feel the addition of Roberts & Schaeffer to our existing engineering and construction platform enables KBR to significantly broaden our services offerings to a wide range of commodity, material handling and process customers," said William P. Utt, KBR Chairman, President and CEO.

Roberts & Schaefer's internationally-differentiated technical offerings bring bulk materials handling capabilities to KBR's existing minerals business. The company will also add ports and marine infrastructure capabilities for KBR's clients. These combined operations will enable KBR to participate in mining and power developments from pre-feasibility to feasibility, through design, and construction, creating a pit-to-port and port-to-boiler capability. Roberts & Schaefer will complement KBR's existing competencies in mine infrastructure, project management and implementation.

"This acquisition signals KBR's continuing commitment to expand its global footprint across several commodity markets," said Mark Williams, Group President, KBR Infrastructure, Government and Power. "This is a significant step towards providing our clients with a more diverse and differentiated service offering."

KBR (NYSE: KBR) is headquartered in Houston, Texas, also known as the energy capital of the world. The Company employs over 50,000 people worldwide in locations that include the U.S., Australia, Africa, the U.K., Asia and the Middle East. KBR delivers a wide range of services through its Downstream, Gas Monetization, Infrastructure and Minerals, International Government and Defense, North American Government and Defense, Oil and Gas, Power and Industrial, Services, Technology, and Ventures business segments, and differentiates itself as a technology-driven engineering, procurement and construction (EPC) company.

Published 21/12/2010

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