ESCO Buys Brazilian Operation Outright

September 28, 2010

U.S.-based wear parts manufacturer ESCO has acquired complete ownership of a former joint venture in Brazil. Formed in 2007 with Soldering, a maker of wear-resistant steel products for the mining, industrial, heavy construction and cement markets, the Brazilian operation employs 450 in the mining-heavy state of Minas Gerais.

“This partnership combined our two companies’ competitive advantages – Soldering’s strong reputation in Brazil and ESCO’s reputation for superior products and technical capabilities,” says Larry Huget, president and chief operating officer of ESCO Corporation.

The business will continue to be known as ESCO SOLDERING and, says Huget, “will provide distribution for ESCO products in the growing Brazilian market, combined with a strong manufacturing presence for premium wear solutions and services.”