NRW Holdings complete buy of RCR Heat Treatment and mining

Company News

by Rachael Jones

Civil and mining contractors NRW Holdings (ASX:NWH) have completed the acquisition of RCR Mining and RCR Heat Treatment from the Administrators’ of RCR Tomlinson (ASX:RCR).

The businesses which operate in WA with a facility in Victoria will continue to be supported by the 300 employees who have received offers of employment with NRW.

The acquisition will be earnings accretive with the purchase consideration of $10 million funded from NRW’s existing cash reserves.

Shares in NRW Holdings (ASX:NWH) are trading 0.50 per cent to $2.01.

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