EPPE completed the acquisition of STEAG Power Minerals.

EPPE, a company focused on the development of a coherent power generation portfolio, completed the acquisition of STEAG Power Minerals, a provider of building materials, blasting abrasives, and industrial minerals. Financial terms were not disclosed. “We are convinced that the agreement we have met with EPPE is the best possible option for SPM and its employees as well as for STEAG which finds itself in the middle of a process of transformation, realigning towards new business segments on future energy markets,” Joachim Rumstadt, STEAG CEO.