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TEXAS-BASED CENTURY CONTRACTORS BOUGHT BY CNF INDUSTRIES INC
1 May 1995
In a further move into Texas, Kenetech Corp's construction arm, CNF Industries Inc, has bought Texas-based Century Contractors. Financial terms were not disclosed. Kenetech has previously said it is concentrating on producing its backlog of orders. Century will complete the construction of projects under contract and will pursue new project opportunities, says Kenetech. Century, based in Kingwood, Texas, specialises in the engineering and construction of electric generation facilities. Century is a subsidiary of Midwest Resources Inc, a utility holding company headquartered in Des Moines, Iowa.
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