ESCO Corporation Acquires Stabiltec Downhole Tools

ESCO Corporation announced today it has acquired Stabiltec Downhole Tools LLC, a unique manufacturer of specialty drilling tools for the oil and gas industry. This acquisition complements ESCO’s growing Oil & Gas Division, bringing an additional 96 people into the organization.

With aggressive growth goals in 2014 and beyond, this acquisition continues the build-out of the ESCO Oil & Gas Division’s product portfolio. Continue reading

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Cal Collins Assumes Role as CEO of Esco Corporation

ESCO Corporation, a leading designer, manufacturer and provider of highly engineered wear parts and replacement products used in mining, infrastructure development, power generation, aerospace and industrial application, announced January that Cal Collins assumed his new role as Chief Executive Officer on 1 January 2012 as part of a previously-announced transition plan. Continue reading

ESCO Corporation Makes Strategic Investment in the Oil Sands and Hydro-Transport Market

ESCO Corporation is pleased to announce that it has completed a strategic investment in TSI Surface Technologies (TSI), which provides wear mitigation solutions to the Canadian Oil Sands mining industry. ESCO maintains a minority share in the company with the formal closing of the deal. Continue reading

ESCO Corporation Appoints Jon Owens President of its Engineered Products Group

ESCO Corporation, a leading manufacturer of highly engineered wear parts and replacement products used in mining, infrastructure development, power generation, aerospace and industrial applications, today announced that Jon Owens, current Vice President of Marketing and Global Business Processes, has been appointed President of the Engineered Products Group (EPG), effective November 1, 2011. Continue reading

ESCO Expands in Australia and New Zealand Through Two Acquisitions

ESCO Corporation, a leading global provider of wear-parts and attachments for the mining and construction industries, announced mid-December the acquisition of all of the issued and outstanding shares of Austcast Pty Ltd in Brisbane, Australia, and its subsidiary Newlcast in Dunedin, New Zealand. The acquisition of these two foundries strengthens ESCO’s product offerings and expansion efforts in Australia by providing local foundry capacity. Continue reading

ESCO® Finalizes Acquisition of Swift Group Engineering and Mining Divisions

ESCO Corporation is pleased to announce that it has completed its previously announced acquisition of Swift Group on July 1, 2010. The acquisition will include Swift Group’s Engineering and Mining Products divisions. Swift Cooling was not part of the acquisition and will remain under current management. Continue reading