Harsco Corporation explores the divestiture of its gas technologies business group, Harsco GasServ.
The divestiture is part of an ongoing review of the company and is consistent with the overall strategic focus on industrial services.
The company has retained Citigroup Corporate and Investment Banking as its financial advisor in connection with this divestiture process. The company said there can be no assurance that its decision to explore a sale of Harsco GasServ will result in any strategic transaction.
Derek C. Hathaway, CEO of Harsco Corporation, said: $quot;Based on our experience, we anticipate that this process of finding a suitable new home for the Harsco GasServ Group could take until the third quarter of this year to complete.$quot;