The RCR Mining and Heat Treatment businesses which operate from primary locations at Welshpool and the regional centre of Bunbury together 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 (subject to certain completion adjustments) being funded from NRW’s existing cash reserves.

Jules Pemberton, NRW’s Managing Director and Chief Executive Officer commented “This acquisition delivers  a  complementary  business  to  NRW  and  aligns  with  NRW’s  strategy  to  broaden  the  service offering to Tier 1 clients at a time of improving market sentiment.

RCR Mining, includes RCR Mining Technologies, which is a brand recognised in the global market as a leading  original  equipment  manufacturer  (OEM)  and  innovative  materials  handling  designer  with  an  extensive product range. Since the announcement, NRW has received very positive engagement from clients who recognise the quality of the RCR Mining Technologies business and its people, together with the benefits the combination with NRW brings to their project objectives”.

Source: Company Press Release