Skanska USA to acquire BFW.Skanska Skanska, is a multinational construction and development company based in Sweden. Aktiebolaget Skånska Cementgjuteriet was established in 1887 and started by manufacturing concrete products. USA Building Inc. announced that it has agreed to acquire 100% of the shares of employee-owned construction firm BFW BFW Battle for Wesnoth (computer strategy game) BFW Bundesverband Freier Immobilien- und Wohnungsunternehmen BFW Bicycle Federation of Wisconsin BFW Bread for the World BFW Birthing From Within (Goleta, CA) Construction Co., Ltd. The total purchase price is $19 million, which includes $7.5 million for cash assets in the same amount being acquired from BFW. The transaction is expected to close early in the second quarter of this year. BFW posted sales in 2002 of approximately $100 million and the company has more than 150 employees. BFW's current order backlog Backlog The total value of sales orders waiting to be fulfilled. Notes: This figure is used mainly in the manufacturing industry. Increases or decreases in a company's backlog indicate the future direction of sales and earnings. is approximately $172 million. "BFW is an ideal addition to the Skanska USA Building Inc. family," said Michael J. Healy, president and chief executive officer of Skanska USA Building. "It is a solid player in the Texas construction market with an impressive portfolio of clients and projects. They also have a great management team that has consistently grown the company's profitability." BFW will be led by two BFW veterans: executive vice president Bob Browder, who will become president and chief executive officer, and executive vice president and chief operating officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. David Andrews
David Andrews (born March 15, 1936) is a former Irish Fianna Fáil politician and barrister. Early life . Skanska said it would be consolidating its Houston operations- at BFW's Temple location. |
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