A subsidiary of the Hanwa Group will go forward with an offer to buy all outstanding shares of REC Silicon, according to a company announcement. REC will get a new board of directors in early August. The company's Moses Lake facility, pictured, closed in January.
July 19, 2025
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REC Silicon to appoint new board of directors in August
No new information on future of silane facility in Moses Lake that closed in January.
MOSES LAKE — An offer from the biggest shareholder in REC Silicon to buy all outstanding shares has been accepted by the company’s board of directors. “On 11 July, (Anchor AS) announced that it had received acceptances which, together with shares held by (the Hanwa Group), represented 43.94% of the issued and outstanding shares in (REC Silicon),” according to a REC Silicon press release. “On 14 July, (Anchor AS) announced that the voluntary offer had been completed and that a mandatory offer will be launched within the deadline set out in the Norwegian Securities Act.”