Skip to main content
Publish date:

Harsco Buys Chilean Company

Terms aren't disclosed.

Industrial services and engineered products provider

Harsco

(HSC) - Get Harsco Corporation Report

said Monday it acquired the Santiago, Chile-based Moldajes y Andamios, a supplier of rental formwork and scaffolding and related services, for an undisclosed sum.

TheStreet Recommends

Harsco said the acquisition, which is expected to be accretive to its 2007 earnings, will give it a solid foothold for growing its access services segment presence in the Chilean and Latin American markets.

''We look to apply Harsco's significant know-how and resources and build on the more than $1 billion in worldwide sales we expect from our Access Services segment this year,'' the Camp Hill, Pa.-based company said.

MyATH, with an annual revenue of about $8 million, employs about 100 people, the company added.

This story was created through a joint venture between TheStreet.com and IRIS.