NAC International sets up Canadian manufacturing subsidiary

June 21, 2023, 9:31AMNuclear News

Used nuclear fuel and radioactive materials packaging company NAC International has established a Canadian subsidiary with the acquisition of all assets of Niagara Energy Products (NEP). Terms of the acquisition, announced on June 19, were not disclosed.

A supplier of nuclear containers and pressure boundary components for the nuclear, energy, extractive, defense, and industrial markets in North America and elsewhere, NEP is headquartered in Niagara Falls, Ontario, with additional facilities in Fort Erie and Brantford, Ontario.

“The Canadian nuclear market is extremely important to NAC. This acquisition positions us to serve this growing market through a world-class nuclear manufacturing center,” said Kent Cole, president and chief executive officer of NAC. “We now have an excellent Canadian platform to support the clean energy goals of Canada.”

The players: Serving industry since the 1960s, NEP specializes in large, heavy, nuclear-grade fabrications and precision machining of steel, alloys, and composites. Within its 220,000-square-foot facilities, NEP uses state-of-the-art equipment and heavy machinery to support nuclear operations and the refurbishment of Canadian CANDU reactors. NEP is also a supplier of self-standing, self-shielded containers, vessels, and flasks for the safe handling and storage of radioactive wastes and used nuclear fuel in North America.

NAC specializes in developing and licensing technology and providing services for used nuclear fuel and radioactive materials packaging, storage, transport, and management. A wholly owned subsidiary of Hitachi Zosen Corporation, the company provides a broad range of fuel cycle–related consulting and information services to clients worldwide. NAC maintains its corporate headquarters in Peachtree Corners, Ga.

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