|
contents | business | |||||||||
| FCC buys Siemens' U.S. businesses Spanish group FCC has acquired from Siemens Water Technologies Corp. (SWT) its two US subsidiaries specialised in treatment and recovery of industrial oils and other ancillary services to the oil industry: Hydrocarbon Recovery Services Inc. (HRS) and International Petroleum Corp. The two companies will be integrated into FCC Ámbito, the group's industrial waste management division. The operation cost 182.5 million dollars, i.e. 9 times 2008 EBITDA. As a result, FCC, which is controlled by Esther Koplowitz, will become the second-largest player in this field in the USA. The acquired group, which is based in Houston, Texas, has 38 industrial plants, a fleet of 362 vehicles, and 528 employees. It is expected to obtain 140 million dollars in revenues in 2008. write your comments about the article :: © 2007 Construction News :: home page |