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FFE Minerals ("FFE") provides engineered mineral processing equipment and services to the mining, metallurgical, pyroprocessing, alumina, and pulp & paper industries. FFE is a subsidiary of the FLSmidth Group (CPSE:FLS), an international group of companies based in Denmark that provides high technology engineering and environmentally compatible solutions to in the minerals extraction, processing, distribution, and related industries. FFE acquired 100% of Excel Foundry & Machine ("EFM") in July of 2006. FFE Minerals also purchased the remaining 51% interest in EFM's subsidiary company, Excel Crusher Technologies, LLC ("ECT").
EFM manufactures and markets bronze and steel replacement parts for the mining, aggregate, and electric power producing industries. ECT manufactures rock crusher equipment and provides equipment maintenance services and technical advice to the mining and aggregate industries.
Curtis Financial Group was engaged by FFE to assist in the allocation of the purchase price in these transactions among the tangible and intangible assets in accordance with SFAS 141. |