February 23, 2017 2:22 AM ET

Machinery

Company Overview of ESCO Corporation

Company Overview

ESCO Corporation designs, develops, and manufactures metal wear parts and replacement products. It offers ground engaging tools (GET) tooth systems, GET cutting edges, crusher wear parts, dragline rigging, universal wear solutions, and scrap recycling hammers, as well as attachments and wear part carriers, including lip systems, dragline buckets, cable shovel buckets, hydraulic excavator buckets and face shovels, wheel loader buckets, and truck bodies. The company also manufactures and supplies a range of industrial products and services, including castings for locomotive engines and track work, offshore oil platform moorings, wire rope rigging, structural sockets, aircraft forming dies, and...

2141 NW 25th Avenue

Portland, OR 97210-2578

United States

Founded in 1913

5,541 Employees

Phone:

503-228-2141

Fax:

503-226-8071

Key Executives for ESCO Corporation

Chief Executive Officer, President and Director
Age: 58
Chief Financial Officer and Principal Accounting Officer
Age: 60
Chief Operating Officer and Executive Vice President
President of Turbine Technologies Group
Age: 50
Managing Director for Asia Pacific Operations and President of Mining Division
Compensation as of Fiscal Year 2016.

ESCO Corporation Key Developments

Esco Reportedly Outed As Prospective Buyer for Austin Engineering

There have been market speculations about a prospective merger of Austin Engineering Limited (ASX:ANG). Some of the market players are speculating that discussions are also taking place with possible acquirers. One prospective buyer guessed is ESCO Corporation.

Esco Corp. to Close Portland Main Plant Production Facility

Esco Corp. announced that it will permanently close its Portland Main Plant production facility, eliminating 168 positions. The maker of industrial mining equipment announced a year ago that it would shutter its main Portland foundry, resulting in 247 layoffs, but said at the time that the job losses weren't expected until late 2016 or early 2017. The closure will actually begin January 2, 2017 and continue through July 1, 2017.

ESCO Corporation Announces Commercial Launch of N95 Cast Lip System

ESCO Corporation announced the commercial launch of the next Nemisys product, the N95 Cast Lip System. The N95 offering extends the range of its Nemisys Lip System, and incorporates additional features that improve safety, inventory management and productivity. The development of N95 was influenced by direct customer interaction, a critical element for the company to deliver the required value to its end users. The company's Securelift Lifting System is now incorporated into the lip shrouds, providing mining crews with a more complete, purpose-built solution for handling worn Nemisys parts. Integral shroud locks reduce the amount of replacement parts that need to be ordered, lowering inventory effort and costs. The system also offers weight savings over competitive and legacy systems of up to 22%.

Similar Private Companies By Industry

Company Name Region
+Vantage Corporation United States
101 Imports, Inc. United States
21st Century Energy, Inc. United States
360 Yield Center, LLC United States
3DOps United States

Recent Private Companies Transactions

Type
Date
Target
Bankruptcy
September 20, 2016
Binder Machinery Company
Merger/Acquisition
July 18, 2016
Ulterra Drilling Technologies, L.P.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
The Advertising Council, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact ESCO Corporation, please visit www.escocorp.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.