Harsco Corp. announced the acquisition of ESCO Interamerica, a Latin American engineering and equipment services provider to the infrastructure sector and the number one market leader in Central America and the Caribbean.
The acquisition reflects the growth opportunities that Harsco expects to realize from its expanded terrain in the Latin American market.
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.
Harsco Infrastructure is a newly created combination of three long-established Harsco companies: Patent in the Americas, and SGB and Hünnebeck in Europe, the Middle East and Asia. Harsco Infrastructure operates in more than 40 countries and has a turnover of $1.6 billion. Together, they offer more than three hundred years of experience and a single, integrated, international source for rental scaffolding, shoring, concrete forming and a range of advanced access solutions for major construction and industrial plant maintenance projects.
Harsco Infrastructure Americas is headquartered in Paramus, N.J., has 41 branches throughout the Americas and has operated since 1909. It services a diversity of construction and maintenance market segments, including commercial, civil, recreational and industrial.
Additional information can be found atwww.harsco-i.com.