Feb. 7, 2007 — Harsco Corp. has completed its previously announced acquisition of Excell Materials, Inc. The acquisition was completed on terms consistent with those previously announced and is expected to be immediately accretive to Harsco's earnings.

Multinational Excell Materials extracts high-value metals content on behalf of leading steelmakers. The company also specializes in the development of minerals technologies for commercial applications. Excell serves a number of leading U.S. and international steel producers by extracting high-value metallic content from steel slag for production re-use. Excell's processes address the steel industry's increasing worldwide demand for environmentally responsible handling and recycling of its residual materials.

The addition of Excell positions Harsco in the growing minerals technologies business sector, where Excell serves the commercial turf/agriculture and cement markets with a range of mineral-based products that include Reclime^(r), an agricultural liming material; Excellerator, a specialty fertilizer rich in soluble silicon that is demonstrating positive results in improving turfgrass performance on golf courses and high-wear sports surfaces; several mineral-based agricultural fertilizers for use with a range of commercial crops including corn, rice, wheat and sugarcane; and a cement product, Excell Select, an engineered supplementary cement-like material developed to meet cement users' needs for high-performance concrete.

Excell joins Harsco's Mill Services Segment and will also share technologies and resources with the Company's Reed Minerals division, a market leader in the production of mineral abrasives and roofing granules from slag materials. "We welcome Excell to the Harsco family and look forward to its exciting worldwide market opportunities as another strong platform to Harsco's continuing growth," said Harsco President, CFO and Treasurer, Salvatore Fazzolari.

Harsco is a leading worldwide industrial services company serving major customers around the globe. With 2006 sales in excess of $100 million, Excell Materials maintains operations at nine locations in the United States, Canada, Brazil, and South Africa. The company has also established a presence in Europe for future expansion.