Cameco Acquires Zircatec Precision Industries

On February 1, 2006, Cameco Corporation completed its C$108 million acquisition of Zircatec Precision Industries Inc. Cameco, based in Saskatoon, Saskatchewan, is the world's largest public uranium company, with growth plans in the nuclear energy sector. Cameco's Port Hope conversion facility currently provides Zircatec with uranium products for its fuel bundles. Zircatec, based in Port Hope, Ontario, manufactures and supplies nuclear fuel bundles and bundle components to CANDU-style nuclear reactors.

Cameo was represented in-house by Sean Quinn, vice-president, law, and general counsel, and Caroline Gorsalitz, director, legal affairs, special projects, and by Torys LLP with a team led by Krista Hill that included Allen Yi, Rafal Nowak and Beth DeMerchant (corporate); Dennis Mahony, Sarah Gilbert and Michael Fortier (environmental); Don Roger (real estate); Jay Holsten (competition); Mitch Frazer, Valerie Arthur and Nadine Côté (pensions and employment); Bill Estey (research); and Eileen McMahon and Tanya Baytor (IP and technology). Kim Wharram, Richard Tremblay and Ted Citrome (tax) of Osler, Hoskin & Harcourt LLP also provided advice to Cameco.

Zircatec was represented by Gowling Lafleur Henderson LLP with a team led by George Wilson that included Stephen Clarke (corporate), Harry Dahme, Mark Madras and Stacey Ferrara (environmental), Bruce Graham (competition) and Tim Wach and Vince Imerti (tax).