-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VAINE5PILTIp+8+b6FlVbuXsaSWnTMmfTK9ofEgINxVL9sCHviCIirI1fdW16Z48 EkmiOzoWmhNYTmbYhp/89g== 0001171843-05-000270.txt : 20050921 0001171843-05-000270.hdr.sgml : 20050921 20050921094925 ACCESSION NUMBER: 0001171843-05-000270 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050920 ITEM INFORMATION: Entry into a Material Definitive Agreement FILED AS OF DATE: 20050921 DATE AS OF CHANGE: 20050921 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HARSCO CORP CENTRAL INDEX KEY: 0000045876 STANDARD INDUSTRIAL CLASSIFICATION: FABRICATED STRUCTURAL METAL PRODUCTS [3440] IRS NUMBER: 231483991 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03970 FILM NUMBER: 051094860 BUSINESS ADDRESS: STREET 1: P O BOX 8888 CITY: CAMP HILL STATE: PA ZIP: 17001-8888 BUSINESS PHONE: 7177637064 MAIL ADDRESS: STREET 1: PO BOX 8888 CITY: CAMP HILL STATE: PA ZIP: 17001-8888 8-K 1 document.htm FORM 8-K FILING DOCUMENT Form 8-K Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549


FORM 8-K


CURRENT REPORT

Pursuant to Section 13 OR 15(d) of
The Securities Exchange Act of 1934

September 20, 2005
(Date of earliest event reported)


Harsco Corporation
(Exact name of registrant as specified in its charter)


DE
 
1-3970
 
23-1483991
(State or other jurisdiction
of incorporation)
  (Commission File Number)   (IRS Employer Identification No.)


 
350 Poplar Church Road, Camp Hill PA, 17011
 
17011
 
  (Address of principal executive offices)   (Zip Code)  

Registrant's telephone number, including area code:   717-763-7064



Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
  [   ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
  [   ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12)
  [   ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
  [   ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 1.01 Entry into a Material Definitive Agreement

On September 20, 2005, Harsco Corporation (the Company) and Sun HB Holdings, LLC (the Seller) executed an agreement whereby Harsco will acquire the German-based Hünnebeck Group GmbH (Hünnebeck) for €140 million (approximately $170 million) subject to certain adjustments related to specific balance sheet amounts at closing. The Company will not purchase cash or assume debt. Hünnebeck is a provider of highly engineered formwork and scaffolding equipment with operating subsidiaries in twelve countries and export sales worldwide.

Completion of the acquisition is subject to the receipt of the necessary regulatory approvals and customary closing conditions and is expected to close during the fourth quarter of 2005. A copy of the press release announcing this transaction is attached hereto and incorporated by reference herein as Exhibit 99.1.

Item 9.01. Financial Statements and Exhibits.

    Exhibit 99.1.       Press release dated September 20, 2005


SIGNATURE

    Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

    Harsco Corporation
(Registrant)

September 21, 2005
(Date)
  /s/   SALVATORE D. FAZZOLARI
Salvatore D. Fazzolari
Senior Vice President, Chief Financial Officer & Treasurer


  Exhibit Index
  99.1 Press release dated September 20, 2005






EX-99.1 2 newsrelease.htm PRESS RELEASE Harsco Signs Agreement to Acquire Hunnebeck Group GmbH

EXHIBIT 99.1

Harsco Signs Agreement to Acquire Hunnebeck Group GmbH

Company is a Major European Provider of Formwork and Scaffolding Services

HARRISBURG, Pa., Sept. 20, 2005 (PRIMEZONE) -- Worldwide industrial services and products company Harsco Corporation (NYSE:HSC) announced today that it has signed an agreement to acquire the German-based Hunnebeck Group GmbH, Europe's third-largest provider of highly engineered construction formwork and scaffolding access equipment services with more than 60 branches and depots in 12 countries. The proposed cash transaction, which has been approved by Harsco's Board of Directors as well as the management of Sun HB Holdings, LLC, of which Hunnebeck is an affiliate, is valued at EUR 140 million (approximately $170 million). Jefferies and Company, Inc. has acted as financial advisors to Harsco.

Completion of the acquisition is subject to the receipt of necessary regulatory approvals. If approved, the transaction is expected to close during the fourth quarter of this year and is expected to be accretive to Harsco's earnings in the first full year after the acquisition. Hunnebeck's annual revenues of approximately EUR 143 million (approximately $174 million) include approximately 73 percent from Western Europe, including Germany, France, Italy and Scandinavia, with the remainder generated from export sales and emerging markets in Eastern Europe and the Middle East. The company employs approximately 660 people.

Commenting on the acquisition, Harsco Chairman, President and CEO Derek C. Hathaway said, "This complementary union will further accelerate our strategic growth in our Access Services sector, bringing it close to $1 billion in annual revenues and substantially expanding its global footprint from 21 to 27 countries, including Germany, Italy, Norway, Sweden, Austria, and Hungary. Hunnebeck is a top-flight, customer-focused organization that we look forward to welcoming into the Harsco family."

Harsco Corporation is a $2.5 billion diversified industrial services and engineered products company whose market-leading businesses provide mill services, access services, engineered products and services, and gas containment and control technologies to customers worldwide. Harsco's Access Services segment is one of the world's leading suppliers of rental scaffolding, cast-in-place concrete formwork, shoring and other access-related equipment and services for major non-residential construction and industrial maintenance projects. The segment includes Harsco's UK-based SGB division, which operates from a network of international branches throughout Europe, Asia and the Middle East, and the Patent Construction Systems division, which provides similar access services throughout the U.S., Canada and Mexico. The two divisions posted combined worldwide sales last year in excess of $700 million. Additional information about Harsco and its Access Services segment can be found at http://www.harsco.com.

CONTACT: Harsco Corporation
         Media:
           Kenneth D. Julian
           717.730.3683
           kjulian@harsco.com
         Investors:
           Eugene M. Truett
           717.975.5677
           etruett@harsco.com
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