After originally announcing its intentions to pursue the divestiture of the Harsco GasServ business in January 2007, the Harsco Corporation has announced it is in the advanced stages of completing its plans for divesting its Gas Technologies business group.
Consistent with the company’s overall strategic focus on industrial services, the divesting of Harsco’s GasServ group is nearing completion.
Harsco chairman and CEO Derek C. Hathaway said, “We have made significant progress and are at an advanced stage in the sale process. We now anticipate that the transaction will be completed within the fourth quarter of this year, and we continue to take all appropriate actions to ensure a transaction that is in the best interests of Harsco stockholders.”
Harsco GasServ comprises of 4 complementary manufacturing and service businesses that combined, form the world’s leading technology, service and manufacturing network for gas applications.