Harsco Acquires Esco

Harsco, a multinational company offering services for industrial companies, bought the regional company Esco.

Monday, November 16, 2009

The acquisition is in line with Harsco's expansion strategy in South America and the Caribbean.

"ESCO will be merged into Harsco Latin America", reports Sergio Morales for elfinancierocr.com. Tomás Dueñas, president and owner of Esco assured that "current infrastructure and staff will be maintained".

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Colombians Buy Regional Building Materials Company

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Organización Corona has announced the signing of an agreement to acquire the majority of Incesa's shares and the brand American Standard for Central America.

The Colombian company, which specializes in the manufacturing and marketing of building materials, expects that the transaction will be formalized in the third quarter of 2013, following the approval of the authorities of each country.

Company Mergers in Guatemala

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Nicaragua's institute for protecting consumer rights presented the challenge, arguing that if the merger goes ahead, the resulting company will control 61% of the Nicaraguan poultry market, enabling it to undercut its competitors and force them out of the market, after which nothing would stop it from increasing prices at will.

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