Chaiten Volcano, Chile

MISSION WOODS, Kan., Nov. 17, 2010 (GLOBE NEWSWIRE) — Layne Christensen Company ("Layne") (Nasdaq:LAYN) today announced the acquisition of Bencor Corporation of America – Foundation Specialist ("Bencor"). Founded in 1969, Bencor is one of North America’s leading contractors in foundation and underground engineering. Bencor specializes in deep foundations for dams, levees, shafts and below ground structures and also excels in the design and building of earth support retention systems for basement excavation for high-rise structures, subway lines and stations and depressed highways. Bencor has performed work in the United States, Canada, South America, Europe and North Africa and has over 100 permanent employees headquartered in Dallas, Texas. The purchase price for the stock of Bencor was $32.1 million. Management projects first year revenues and earnings per share of approximately $50 million and $0.20-$0.25 per share, respectively, after purchase accounting adjustments.

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This is pretty cool! It’s not every day that you have a major Hollywood motion picture that features drillers as the unlikely heroes! The movie ‘The 33" stars some big names like Antonio Banderas, Lou […]

Audio files and PowerPoint presentations from an ENR-moderated panel discussion on June 8, 2010 discussing US seismic codes in the context of the observations made from the recent Haiti and Chile earthquakes. The 2010 earthquakes […]