ESCO Corporation Group LLC is a manufacturer of engineered metal wear parts and components for industrial applications—including mining and construction.
| FactSnippet No. 602,568 |
14 Facts About ESCO Corporation
2.
The ESCO Corporation trademark was first used in 1926 and eventually became the company's new name.
| FactSnippet No. 602,569 |
3.
ESCO Corporation survived the Great Depression primarily as a jobbing foundry, making castings for sawmills, pulp and paper mills.
| FactSnippet No. 602,570 |
4.
In 1932, ESCO Corporation opened its first stainless steel industrial service center.
| FactSnippet No. 602,571 |
5.
In 1983, ESCO Corporation bought Hyster Company, and then sold it in 1989 to NACCO Industries.
| FactSnippet No. 602,572 |
6.
ESCO Corporation acquired Heflin Steel, producing wear liners and armor plate.
| FactSnippet No. 602,573 |
7.
On December 28, 2012, Esco Corporation sold Turbine Technologies Group to Consolidated Precision Products (CPP).
| FactSnippet No. 602,574 |
8.
In 2014, ESCO Corporation acquired another Texas-based company, Stabiltec Downhole Tools, LLC, further adding to the company's oil and gas portfolio.
| FactSnippet No. 602,575 |
9.
Commencing in 2013, ESCO Corporation has closed multiple manufacturing and service facilities in recent years, citing a protracted downturn and declining customer demand for their products.
| FactSnippet No. 602,576 |
10.
In January 2013, ESCO Corporation closed the Northgate, Australia foundry they purchased in 2010.
| FactSnippet No. 602,577 |
11.
In September, 2014 ESCO Corporation closed another foundry located in Guisborough, England.
| FactSnippet No. 602,578 |
12.
In February 2015, ESCO Corporation announced the closure of a large foundry in Nisku, Canada.
| FactSnippet No. 602,579 |
13.
ESCO Corporation announced the closure of another foundry in Dunedin, New Zealand in September, 2015.
| FactSnippet No. 602,580 |
14.
In November 2015, ESCO Corporation announced that they would be eliminating 247 employees when closing the main production plant that adjoins the North American headquarters.
| FactSnippet No. 602,581 |