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Brush Engineered Materials Subsidiary Completes Acquisition of Barr Associates, Inc.

Publication: Mining & Minerals Business
Publication Date: 13-NOV-09 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
Brush Engineered Materials Inc. (NYSE:BW) announced that the Company, through its wholly-owned subsidiary, Williams Advanced Materials Inc. (WAM), has acquired privately held Barr Associates, Inc.

The transaction, valued at approximately $55 million, was financed with internally generated cash and proceeds of approximately $25 million from the Company's $240 million revolving line of credit. The acquisition is expected to be accretive to earnings in 2010.

Based...

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