Harsco Corp. (HSC) Acquires ESCO Interamerica; Looks to Expand in Latin America Market

November 10, 2009 9:13 AM EST

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.

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