Two more acquisitions for Metso
26 September 2024
Finland-based Metso has announced that it has signed an agreement to acquire Diamond Z and Screen Machine Industries from Crane Group, a US-based family-owned investment company.
Metso provides technology and services for mining, aggregates, and oil and gas, recycling, pulp and paper and other process industries
Diamond Z increases Metso’s offering in mobile equipment for the organic recycling markets while Screen Machine Industries broadens Metso’s portfolio in the North American mobile crushing and screening markets.
Diamond Z manufactures mobile and portable grinders for the infrastructure recycling sector to suit varying needs from land clearing, construction and demolition, composting to tire disposal. Screen Machine Industries offers a broad range of heavy-duty machines for various aggregates crushing and screening applications.
Together, the companies employ approximately 190 people with locations in Caldwell, Idaho and Etna, Ohio in the US.
The companies will continue to operate independently in Metso’s Materials Processing Products business line.
Markku Simula, President, Metso’s Aggregates business area, said that the acquisition of Diamond Z allowed the company to, “extend our offering in the growing infrastructure recycling equipment market,” and he highlighted the Diamond Z mobile grinders portfolio as, “a great addition to our Materials Processing Products offering.”
Simula said that the purchase of Screen Machine Industries enhances the company’s mobile crushing and screening offering.
The value of the transaction is not disclosed, and it has no material impact on Metso’s finances.
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