Metso completes acquisition of McCloskey International

Metso has completed its acquisition of Canadian mobile crushing and screening manufacturer McCloskey International in a bid to expand its aggregates offering and strengthen its customer reach.

The acquisition was funded by a €300 million term loan, which was drawn in September.

Metso’s CEO Pekka Vauramo says the balances its traditionally mining-focused minerals portfolio.

“With McCloskey as part of Metso, we are also able to better take part in the attractive, long-term growth of the mobile equipment market within the aggregates industry,” Vauramo adds.

Metso’s president of aggregates equipment business Markku Simula says: “This acquisition expands our offering to new customer segments and application areas. McCloskey’s capabilities and technical solutions strengthen our ability to address diverse customer needs through complementary channels and offerings.”

McCloskey will be reported in Metso’s minerals segment as of Q4 2019.

Source

 

(Visited 1 times, 1 visits today)

Get involved

Register

As a member of this site you will be able to receive aggregates news relating only to those categories that are most relevant to you, submit job listings for FREE, post questions in the Q&A, and more.

Register Now

Feature your company

The Feature Your Company listing is your custom-made (by us) profile page that allows you to add any of the following content: text, videos, links, images. The page will also be listed on the Featured Company landing page. Over 560 unique aggregates users visit the site per day! Complete the enquiry form now to contact us.

Contact us

Jobs

Are you looking for an aggregate related job? Click here to see our jobs listing supplied by industry experts United Employment.

See Jobs

Advertise

Reach thousands of budget holders and decision makers by promoting your company on the longest established aggregate website in the US & Canada. Or advertise in our emails which are sent to opted-in subscribers according to their chosen categories. All advertising will display correctly on tablets and mobiles as this site is responsive.