FLSmidth Buys US Kiln Services Supplier Phillips Kiln
August 18 2011 - 3:47AM
Dow Jones News
Danish industrial plant maker and services supplier FLSmidth
& Co. A/S (FLS.KO) said Thursday it has signed an agreement to
purchase U.S. firm Phillips Kiln Services Ltd, a provider of kiln
services to the cement and minerals industries.
MAIN FACTS:
- FLSmidth has Thursday signed a share purchase agreement to
acquire 100% shareholding in Phillips Kiln Services Ltd..
- FLSmidth didn't state a purchase price.
- Phillips Kiln Services is a well-established international
services provider that specialises in the maintenance,
reconditioning and repair of kilns and related equipment.
- Capable of working on all makes and models of rotary kilns,
dryers, and associated equipment, the company offers an excellent
mix of services and competencies to the cement and minerals
industries, FLSmidth said.
- The share purchase agreement and the subsequent acquisition of
Phillips Kiln Services is a natural extension of FLSmidth's
Customer Services business and fits perfectly the service offerings
to cement and minerals customers worldwide, it said.
- Phillips Kiln Services is located in South Sioux City,
Nebraska, U.S.A and has around 190 employees.
-By Flemming Emil Hansen, Copenhagen Bureau, Dow Jones Newswires; +45 33 12 44 88; flemming.hansen@dowjones.com
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