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.
 

Rachael Jones

Finance News Network
Rachael comes to FNN after working for Fairfax Media covering international breaking news, including the global economy and politics. She joined FNN in February 2018. She has reported on Australia’s finance news for various organisations since 2000 and has also interviewed a number of key business players, including Bill Gates. Rachael has also worked across a number of countries, including the UK and the US.