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Comment Business & Economics

KBR Acquires Roberts and Schaefer

By Gerald Ondrey |

KBR Inc. (Houston; www.kbr.com) has acquired Roberts & Schaefer Co, (Chicago, Ill.), a subsidiary of Elgin National Industries (www.elginindustries.com) and 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. 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…
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