Harsco Acquires ESCO Interamerica

Words: Cass SternContinuing its strategic objective of building strong market leadership positions in the world’s high-growth emerging market economies, worldwide industrial services company Harsco Corporation (NYSE: HSC) announced today its acquisition of ESCO Interamerica, Ltda., one of Latin America’s premier engineering and equipment services providers to the infrastructure sector and the number one market leader in Central America and the Caribbean.

The acquisition reflects the significant growth opportunities and operating synergies that the Company expects to realize from its expanded footprint in the Latin American market. “ESCO is a truly scalable platform,” said Harsco Chairman and CEO Salvatore D. Fazzolari. “They operate a lean, efficient organization that shares our passion for value creation and uncompromising integrity. We expect them to be a dynamic catalyst to Harsco’s growth as we leverage our broad-based engineering and equipment resources to augment their market presence. We are delighted to welcome them into our worldwide Harsco team.”

The acquisition is expected to be accretive to Harsco’s earnings in 2010, and will be funded principally from the Company’s strong cash flows. Terms of the acquisition were not disclosed.

ESCO will be become a key part of the Harsco Infrastructure group’s Americas region operations, immediately expanding the group’s existing Latin America presence in Mexico, Chile and Peru with seven additional countries, including Colombia, Costa Rica, El Salvador, Guatemala, Panama, Trinidad and Tobago, and Puerto Rico, while increasing Harsco Infrastructure’s overall global footprint to more than 40 countries. The acquisition also gives Harsco Infrastructure a well-established platform for additional expansion throughout the Latin America market, particularly Brazil, where multi-billion dollar investments in public infrastructure, energy and tourism-related construction are anticipated. ESCO combines more than 50 years of scaffolding and formwork experience in the construction services industry with a strong leadership team. The company employs approximately 450 people and recorded 2008 sales of approximately $50 million.
About: Featured
Different Career Paths for Masons

Becoming a mason is a skilled trade that has been an integral part of construction for centuries. As a mason, you not only build structures but also lay the foundation for a variety of career paths that can enhance your professional journey. My journey a

By: Kent Huntley
About: Featured
Read More
Essential Masonry Maintenance Tips

Known for its durability, strength, and timeless appeal, brick’s low maintenance requirements make it a popular choice for homeowners looking to save on maintenance costs or those in extreme climate zones. While brick requires minimal upkeep in comparison

By: Tim Leese
About: Featured
Read More
The Importance of Safety Footwear on Masonry Jobsites

Masonry work is a trade built around craftsmanship, strength, and precision. However, it's also a profession that comes with risk. From falling bricks and collapsing walls to sharp debris and rough, uneven surfaces, masonry job sites can be hazardous for

By: Andrew Moffatt
About: MAP Partner
Read More
Heidelberg Materials' "Low Carbon Masonry Construction" Webinar Recapv

Heidelberg Materials is a prominent player in the building materials industry. Specializing in heavy building materials, they have a global footprint with a significant presence in North America. Their products include cement, slag, fly ash, and aggregate

By: Justin Stengel
Read More
Interested in working with us? Learn about and join the Masonry Alliance Program →