{"id":3146,"date":"2018-07-31T21:25:56","date_gmt":"2018-07-31T11:25:56","guid":{"rendered":"http:\/\/yinghuiinternational.com\/?p=3146"},"modified":"2018-08-02T21:26:40","modified_gmt":"2018-08-02T11:26:40","slug":"weir-to-spread-escos-service-wings-through-merger","status":"publish","type":"post","link":"https:\/\/yinghuiinternational.com\/index.php\/2018\/07\/31\/weir-to-spread-escos-service-wings-through-merger\/","title":{"rendered":"WEIR TO SPREAD ESCO\u2019S SERVICE WINGS THROUGH MERGER"},"content":{"rendered":"
The acquisition of a century-old company specialising in cutting edge ground engaging tools will enable it to diversify globally, according to its new owner.<\/span><\/div>\n

The merger of ESCO Corporation into the Weir Group is set to offer producers \u201cmarket-leading solutions\u201d from extraction to concentration, with the latter\u2019s service centres spanning major parts of the world.<\/p>\n

The Weir Group recently completed the acquisition for an enterprise value of $1.2 billion, after the merger was first announced in April.<\/p>\n

\u201cWe are delighted to formally welcome ESCO to Weir,” Weir Group chief executive Jon Stanton said.<\/p>\n

“It is a great brand that is respected throughout the world for its quality, performance and reliability. ESCO\u2019s strength in extraction complements our leadership in the mill circuit, meaning that together we will have a comprehensive offering for mining companies around the world,\u201d Stanton said.<\/p>\n

Current ESCO president and chief operating officer Jon Owens, who joined Weir\u2019s Group Executive committee, will continue to lead the business, as it becomes a division of the Weir Group.<\/p>\n

“No other mining equipment provider will be able to offer customers market-leading solutions from extraction to concentration supported by a service centre network that covers every major mining region in the world,\u201d Owens said.<\/p>\n

ESCO has an extensive installed base of lip systems that house short-cycle consumables, such as teeth, shrouds, adaptors, blades and locking systems, with aftermarket sales representing about 90 per cent of ESCO\u2019s revenues.<\/p>\n

Weir\u2019s traditional strength lies in slurry handling equipment with brands including Warman and GEHO pumps, Cavex hydrocyclones and Linatex rubber products.<\/p>\n

Founded in Portland, Oregon, in 1913, ESCO currently employs around 2600 people with operations in 19 countries (including Australia), and generated $USD632 million in revenue last year.<\/p>\n

A leader in mining and upstream oil and gas, Weir Group, with a 15,000-strong staff, has facilities in more than 70 countries (Australia included) and a global network of more than 100 service centres covering all key regions.<\/p>\n","protected":false},"excerpt":{"rendered":"

The acquisition of a century-old company specialising in cutting edge ground engaging tools will enable it to diversify globally, according to its new owner. The merger of ESCO Corporation into the Weir Group is set to offer producers \u201cmarket-leading solutions\u201d from extraction to concentration, with the latter\u2019s service centres spanning major parts of the world. … Continue reading “WEIR TO SPREAD ESCO\u2019S SERVICE WINGS THROUGH MERGER”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[6],"tags":[],"class_list":["post-3146","post","type-post","status-publish","format-standard","hentry","category-mines-and-quarry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p83F9T-OK","jetpack-related-posts":[{"id":2894,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/04\/23\/weir-to-acquire-esco-for-us1-28bn\/","url_meta":{"origin":3146,"position":0},"title":"Weir to acquire ESCO for $US1.28bn","author":"yinghui","date":"April 23, 2018","format":false,"excerpt":"Weir has entered into an agreement to purchase US ground engaging tools (GET) specialist ESCO for $US1.28 billion ($1.67 billion). The transaction has been approved by Weir\u2019s board of directors and is not subject to shareholder approval. As part of the acquisition, Weir will gain access to ESCO\u2019s 10 manufacturing\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3115,"url":"https:\/\/yinghuiinternational.com\/index.php\/2018\/07\/12\/weir-completes-acquisition-of-esco-corp\/","url_meta":{"origin":3146,"position":1},"title":"Weir completes acquisition of ESCO Corp","author":"yinghui","date":"July 12, 2018","format":false,"excerpt":"The Weir Group has completed the acquisition of ESCO Corp, the world\u2019s leading provider of ground engaging tools for surface mining and infrastructure markets, for an enterprise value of $1,285 million.\u00a0 It follows regulatory clearance for the transaction, which was first announced on 19 April 2018. Commenting, Weir Group Chief\u2026","rel":"","context":"In "Mines and Quarry"","block_context":{"text":"Mines and Quarry","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/mines-and-quarry\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/im-mining.com\/site\/wp-content\/uploads\/2018\/07\/MudWizard-2-390x260.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":8859,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/09\/26\/showcasing-weirs-all-of-mine-capabilities-at-minexpo\/","url_meta":{"origin":3146,"position":2},"title":"Showcasing Weir\u2019s all-of-mine capabilities at MINExpo","author":"yinghui","date":"September 26, 2024","format":false,"excerpt":"Olivia Thomson Weir at MINExpo 2024. Image: Weir Weir is an innovative, end-to-end solutions provider focused on accelerating sustainable mining. Exhibiting at this year\u2019s MINExpo, in the Central Hall Booth #8833, Weir has showcased its marketing-leading brands and unveiled a range of new innovative technologies and solutions. Weir has launched\u2026","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/09\/ESCO-Nexsys-System-300x189.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":8846,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/10\/02\/weir-locks-in-deal-with-100-year-mine\/","url_meta":{"origin":3146,"position":3},"title":"Weir locks in deal with 100-year mine","author":"yinghui","date":"October 2, 2024","format":false,"excerpt":"Kelsie Tibben The Weir WARMAN slurry pump. Image: Weir The Weir Group, a global mining technology leader, has been awarded a \u00a325m ($48.2 million) contract to provide sustainable solutions to the next phase of OCP Group\u2019s Benguerir and Louta greenfield phosphate projects in Morocco. The order, which includes the company\u2019s\u2026","rel":"","context":"In "News"","block_context":{"text":"News","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/10\/WEIR_WARMAN%C2%AE-slurry-pump83-1024x683.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/10\/WEIR_WARMAN%C2%AE-slurry-pump83-1024x683.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/10\/WEIR_WARMAN%C2%AE-slurry-pump83-1024x683.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/10\/WEIR_WARMAN%C2%AE-slurry-pump83-1024x683.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8814,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/08\/22\/weir-makes-a-mark-overseas\/","url_meta":{"origin":3146,"position":4},"title":"Weir makes a mark overseas","author":"yinghui","date":"August 22, 2024","format":false,"excerpt":"Alexandra Eastwood Weir\u2019s redefined flowsheet solution includes Enduron HPGR technology. Image: Weir The Weir Group has been awarded a \u00a353 million ($102 million) contract to provide energy-efficient and sustainable solutions to the Reko Diq copper-gold project in Pakistan. The project is 50 per cent owned by Barrick Gold, and is\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/08\/Weir-2-1024x658.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/08\/Weir-2-1024x658.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/08\/Weir-2-1024x658.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/08\/Weir-2-1024x658.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":8610,"url":"https:\/\/yinghuiinternational.com\/index.php\/2024\/06\/07\/weir-opens-28m-port-hedland-service-centre\/","url_meta":{"origin":3146,"position":5},"title":"Weir opens $28m Port Hedland service centre","author":"yinghui","date":"June 7, 2024","format":false,"excerpt":"KELSIE TIBBEN Weir\u2019s new world class, state-of-the-art facility in Port Hedland. Image: Weir Global mining technology leader Weir\u00a0has officially\u00a0opened\u00a0its\u00a0new\u00a0Port Hedland service centre in Western Australia. The new facility bolsters Weir\u2019s national network of 16 service centres and will aim to support customers and their operations across the Pilbara region. The\u2026","rel":"","context":"In "Clients"","block_context":{"text":"Clients","link":"https:\/\/yinghuiinternational.com\/index.php\/category\/clients\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/06\/Weir-Port-Hedland-Service-Centre91-1024x683.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/06\/Weir-Port-Hedland-Service-Centre91-1024x683.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/06\/Weir-Port-Hedland-Service-Centre91-1024x683.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.australianmining.com.au\/wp-content\/uploads\/2024\/06\/Weir-Port-Hedland-Service-Centre91-1024x683.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/3146","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/comments?post=3146"}],"version-history":[{"count":1,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/3146\/revisions"}],"predecessor-version":[{"id":3147,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/posts\/3146\/revisions\/3147"}],"wp:attachment":[{"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/media?parent=3146"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/categories?post=3146"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yinghuiinternational.com\/index.php\/wp-json\/wp\/v2\/tags?post=3146"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}