[ RadSafe ] ENERGY SOLUTIONS TO ACQUIRE DURATEK

[Susan Gawarecki]

Nuclear is suddenly very big business! DOE's announcements of a renewed 
emphasis on nuclear energy and proposal to begin reprocessing spent fuel 
came out on Monday with the rollout of the President's FY2007 budget. 
Then this is out on Tuesday morning. Coincidence?

Susan Gawarecki

ENERGY SOLUTIONS TO ACQUIRE DURATEK

EnergySolutions, the company recently formed from Envirocare, BNG 
America, and Scientech D&D (WC Monitor, Vol. 17 No. 5), will announce 
its impending acquisition of Duratek later today, WC Monitor has 
learned. The $396 million acquisition of Duratek further shores up 
EnergySolutions’ efforts to form a company that can provide 
cradle-to-grave waste services, from remediation and characterization to 
transportation and ultimate disposition. Notably, the acquisition will 
likely have to clear some regulatory hurdles before it becomes final, 
given that EnergySolutions would now have control over the only two 
national commercial low-level waste disposal facilities in the 
country—Envirocare of Utah and Barnwell, which is operated by Duratek 
subsidiary Chem Nuclear.