Hitz Holdings USA will pay $45 million for Nac International Inc., a company that specializes in technology for interim storage of nuclear fuel.
Norcross, Ga.-based Nac has been owned by Usec Inc. (NYSE: USU), a company that supplies enriched uranium fuel, since 2004. Usec paid $16 million for the business. The target also provides transportation services for radioactive material, and nuclear industry and government consulting services. Usec is selling Nac to focus on its core uranium enrichment business.