Weir completes ESCO acquisition

Weir has acquired ESCO, a provider of ground engaging tools for surface mining and infrastructure, for an estimated value of $1,285m. Weir says the group now has a range of solutions which are built on proprietary technology and improved wear life.

Under the agreement, ESCO will operate as a new division and be reported as a separate segment alongside Minerals and Oil & Gas.

Weir says: “Following the previous announcement that the Group will initiate a process to sell the Flow Control Division, the results of that division will now be reported as discontinued operations.”

Jon Owens, division president will lead ESCO. He was previously president and chief operating officer for the company. Owens will also join Weir’s group executive and become a person discharging managerial responsibilities (PDMR) with immediate effect.

Cal Collins, formerly Chairman and CEO of ESCO, now joins Weir’s board as non-executive director and is also a PDMR.

Source

(Visited 50 times, 1 visits today)

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.