Duratek Inc. / DRTK
About Duratek Inc.
10100 Old Columbia Rd., Columbia, Md. 21046
www.duratekinc.com
| 410-312-5100
| Founded: 1982
Industry: Government Services | Category: Top 100 Companies
Duratek agreed in February of this year to be bought by EnergySolutions, a privately held Salt Lake City nuclear-waste disposal firm, for $22 a share, or $396 million. After the deal closes, most of the company's local employees are expected to remain at Duratek's Maryland office.
The sale follows a gradual pullout in recent years of Duratek's major investor, the Carlyle Group, which sold back its shares to the company as its executives stepped down from Duratek's board. Services provided by Duratek will complement EnergySolutions, which serves mostly as a processing facility for low-level radioactive waste.
Duratek's profit fell in 2005, compared with the previous year, mostly because several multi-month contracts expired and the company had not yet picked up revenue from new contracts. The company also began offering a new service to help commercial utilities store high-level material on site.
President and CEO: Robert E. Prince
President and CEO: Robert E. Prince
2007 Financial Data
Total employees: 1,227 | Local employees: 90Company Leadership
| Robert E. Prince | President and CEO |
| Robert F. Shawver | CFO |
| William R. Van Dyke | SVP |
| Michael F. Johnson | SVP |
| C. Paul Deltete | SVP |
Source: Compensation data provided by Equilar, Inc..
Did You Know
Duratek provides nuclear-waste treatment for the federal government and the nuclear energy industry. The company provides consulting on how to handle nuclear waste. It can process the material and transport it, and it operates disposal facilities. Its largest customer is the Energy Department, but its commercial clients include the pharmaceutical and energy industries, as well as hospitals and laboratories.
