HARRISBURG, Pa., Oct. 12, 2009 (GLOBE NEWSWIRE) -- Worldwide industrial services company Harsco Corporation (NYSE:HSC) announced today its acquisition of Nicol UK Ltd., a multi-disciplined provider of industrial insulation services, site services, and scaffolding to major petrochemical, energy and industrial clients throughout the UK. Terms were not disclosed.
The acquisition strengthens Harsco's position in the UK industrial sector by offering customers a multi-disciplined service package that combines Harsco's extensive scaffolding expertise and resources with Nicol's additional capabilities for thermal insulation and cladding, site cleaning and industrial painting. The privately-held Nicol UK has annual sales of approximately $25 million.
"The UK industrial sector has remained relatively buoyant throughout the economic downturn, reflecting ongoing, recurring investment in plant maintenance and essential upkeep. Expanding our capabilities to be a more complete, one-stop service provider will enhance our value to this sector's many large, blue chip clients," said Harsco Chairman and CEO Salvatore D. Fazzolari. The acquisition is expected to be accretive to Harsco's earnings within its first year.
Harsco Corporation is one of the world's leading diversified industrial services companies, serving key industries that play a fundamental role in worldwide economic growth and recovery, including infrastructure, metals, railways and energy. Harsco's common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com.
The Harsco Corporation logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=361