Centrus Acquires Westerman Holdings, LLC, Bringing a Key Supplier In-House and Diversifying Its Manufacturing Capacity
PR Newswire•19/10/2026•07:19 ET
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Key Highlights
- ➤Centrus (LEU) acquires Westerman for approximately $116 million.
- ➤Transaction funded with approximately $95 million cash and $21 million equity.
- ➤Deal expected to be accretive to adjusted earnings per share in the first year.
- ➤Westerman acquisition secures Centrus’s key centrifuge-component supplier and manufacturing capabilities.
- ➤Westerman broadens Centrus’s revenue base across nuclear, oil and gas, and industrial markets.
Expert Statements
Amir Vexler, President and CEO of Centrus
“Westerman is a highly regarded, best-in-class supplier and fabricator for Centrus, the broader nuclear industry, and a number of other sectors.”
Amir Vexler, President and CEO of Centrus
“Bringing Westerman in-house demonstrates our commitment to securing our supply chain to support our build-out while adding to our capabilities and expanding our customer base.”
Amir Vexler, President and CEO of Centrus
“We are committed to growing and expanding Westerman alongside our enrichment business, and are confident that this transaction will unlock significant value for our shareholders.”
Jacob Garrett, CEO of Westerman
“Westerman has spent more than a century building advanced, differentiated manufacturing capabilities.”
Jacob Garrett, CEO of Westerman
“Joining with Centrus will allow us to accelerate that trajectory.”
Jacob Garrett, CEO of Westerman
“Together, we can expand our production, deepen our nuclear manufacturing portfolio, and create new opportunities for our employees, our customers, and our communities.”
Jacob Garrett, CEO of Westerman
“We are excited for the future we will build together.”
Centrus Acquires Westerman Holdings, LLC, Bringing a Key Supplier In-House and Diversifying Its Manufacturing Capacity PR Newswire
Secures a key centrifuge component supplier and best-in-class manufacturer with an existing and growing business
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