KBR closes deals to spin-off construction and pipe businesses

October 9, 2015 4:11 PM

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KBR announced Friday it finalized deals to spin off its construction segment and sell its Canadian pipe fabrication facilities.

The company, a Houston-based engineering and construction firm, is bringing back the Brown & Root name as it creates a new construction and industrial services subsidiary jointly owned with Bernhard Capital Partners.

Also read: GE nearing deal to sell industrial engines unit to Advent: WSJ

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