Weir Completes Acquisition of ESCO

The Weir Group PLC completed the acquisition of ESCO Corp., a leading provider of ground engaging tools for surface mining and infrastructure markets, for an enterprise value of $1,285 million. It follows regulatory clearance for the transaction, which was first announced in April. “We are delighted to formally welcome ESCO to Weir,” said Weir Group Chief Executive Jon Stanton. “It is…

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Motion Industries Acquires California MRO Distributor

Motion Industries Inc., a wholly owned subsidiary of Genuine Parts Co., announced that it has entered into a definitive agreement to acquire Power Industries Inc., also known as Santa Rosa MRO. The acquisition expands Motion Industries’ footprint and customer service capabilities in the San Francisco Bay area.  “The industry and product knowledge of Power Industries employees will be a big plus…

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