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Centrus Spent $116 Million on a Supplier With Oil and Gas Customers. Here's the Nuclear Reason Why.

The Motley Fool·
Centrus Spent $116 Million on a Supplier With Oil and Gas Customers. Here's the Nuclear Reason Why.

Centrus Energy acquired Westerman Holdings for $116 million to bring specialized nuclear manufacturing in-house, including uranium hexafluoride cylinders and centrifuge casings. The acquisition strengthens Centrus's domestic nuclear fuel supply chain ahead of 2028 Russian uranium import bans, while Westerman's oil and gas operations provide revenue diversification.

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