MFC Industrial set to acquire Fesil

Jan 17, 2014 | 02:05 PM | Daniel Fitzgerald

Tags  Fesil, MFC Industrial, ferrosilicon, acquisition, Specialty Super Alloys, Michael Smith, Daniel Fitzgerald

NEW YORK — Canadian supply chain company MFC Industrial Ltd. is set to acquire Norwegian ferrosilicon producer Fesil AS Group in a deal worth approximately 500 million Norwegian krone ($81.2 million).

MFC has entered into an agreement to acquire a 100-percent interest in Fesil, which comprises a ferrosilicon production facility in Mo i Rana, Norway, sales companies in the United States, Germany, Luxembourg, Spain, India and China, and an interest in several quartz deposits in Spain.....

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