RCR Heat Treatment Australia Sold
A couple of years back we at “The Monty” toured most of the major captive and commercial heat treaters in Australia and while it was a very interesting experience at the end of the day there is not a great deal of heat treatment in Australia (we will add that the largest commercial operation and probably the largest captive or commercial in all of Australia is Heat Treatment Australia who we have talked about many times in the past). With that out of the way we see that RCR Mining and Heat Treatment on the west coast of Australia has just been sold. RCR is the largest commercial operation in that part of the country and has three Lindberg Batch IQ furnaces along with stress relieving furnaces and Induction Hardening.
“NRW Holdings has signed an agreement with RCR Tomlinson to acquire the assets of RCR Mining and RCR Heat Treatment. NRW will finance the $10m acquisition from the company’s existing cash reserves. RCR Mining and Heat Treatment are part of the original RCR Tomlinson business, which was established 100 years ago. RCR Mining has primary locations at Welshpool and a plant in Victoria. It includes the Mining Technologies business that owns intellectual property across various products and processes.”