The decades-old foundry, which will retain the present 30 staff and management, was sold by Farra Engineering to AustCast for an undisclosed sum in mid-2007.
ESCO, which supplies parts for crushers, blocks, tooth systems, dragline buckets and truck bodies, has purchased the shares of privately owned AustCast in Brisbane, which include the Dunedin subsidiary Newlcast.
The acquisition, of the foundry in Brisbane and Dunedin, will add about 100 Australian and New Zealand jobs to the overall ESCO payroll of about 4700 employees around the world.
In July, ESCO purchased Swift Group in Brisbane, including several manufacturing facilities.
When ESCO's Australian distribution agreement with Bradken Ltd expires in June next year, ESCO will directly supply the market itself.
