HARSCO ACQUIRES PROTRAN TECHNOLOGY, INDUSTRY LEADER INTRANSPORTATION SAFETY PRODUCTS
March 2, 2015
CAMP HILL, PA (March 2, 2015) . . . Harsco Corporation (NYSE: HSC) announced today it has acquired Protran Technology, a New Jersey-based leader in the design and production of safety systems for transportation and industrial applications. Terms of the transaction were not disclosed.
Protran’s railway track worker and train operator safety systems are in use throughout North America and internationally to help protect railway personnel from potential collisions and other hazardous situations. Protran equipment is also found on transit buses, providing turn alerts to pedestrians, while the company’s voltage awareness units provide audible and visual safety warnings during the testing of third rail and overhead catenary systems.
Protran will be operated as a unit of Harsco Rail, a worldwide leader in railway track maintenance equipment and services, where it joins a growing portfolio of leading-edge products to increase the efficiency and performance of large-scale equipment operations.
“This investment aligns perfectly with our stated strategy to further grow and diversify our Rail division,” said Harsco President and CEO Nick Grasberger. “We see numerous opportunities to leverage our global market presence and expand the reach of these important, life-saving products.”
“Bringing Protran into Harsco culminates a year-long relationship where we have served as their exclusive product distributor,” added Scott Jacoby, President of Harsco Rail. “During that time, we have become increasingly enthusiastic about the caliber of their offerings and the potential for supporting greater safety awareness and injury prevention throughout our markets.”
About Harsco Corporation
Harsco Corporation is a diversified industrial company serving major industries that are fundamental to worldwide growth and development, including steel and metals, railways and energy. Harsco’s common stock is a component of the S&P MidCap 400 Index and the Russell 1000 Index. Additional information can be found at www.harsco.com.
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