Weir Group completes ESCO acquisition
StockMarketWire.com - Weir Group said Thursday it had completed the acquisition of ESCO Corporation for $1.285m.
ESCO would operate as a new division of the Weir Group, and be reported as a separate segment alongside minerals and oil & gas.
ESCO would be led by Division President Jon Owens, the former President and Chief Operating Officer of ESCO.
'ESCO's premier position in surface mining complements our established leadership in materials processing, meaning together the Group has a unique range of mission critical solutions from extraction to concentration, built on proprietary technology, superior wear life and supported by an unrivalled service network,' said Weir Group CEO Jon Stanton.
At 8:37am: (LON:WEIR) Weir Group PLC share price was +4p at 1964.5p
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