Transnuclear, Inc. (TN), an indirect subsidiary of AREVA North America (AREVA-NA), which itself is a subsidiary of Paris, France-based AREVA SA, has acquired 100% of CHT Nuclear, LLC (CHT), a nuclear fuel manufacturer, for an undisclosed consideration.
Headquartered in Greensboro, North Carolina, CHT is a world leader in the manufacture of nuclear fuel cycle products serving the transportation and storage markets, including fresh unirradiated fuel, spent irradiated fuel, research reactor and medical isotopes. CHT is a holder of numerous Certificate of Compliance and Quality Assurance approvals, as issued by world regulators.
TN provides transportation, storage, and handling services of spent nuclear fuel, radioactive waste, and other radioactive materials in the United States.
Oaklins' team in Cleveland served as the exclusive advisor to the seller in this transaction.
Thomas Dougherty, CHT’s Chief Executive Officer, said: “We truly appreciated the team’s advice and support as we explored strategic alternatives for CHT. Their dedication to the process helped ensure a great outcome for the company.”
Mark A. Filippell
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