Metso acquire McCloskey

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  • Earthmovers & Exacavators

Metso has signed an agreement to acquire McCloskey International, a Canadian mobile crushing and screening equipment manufacturer

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The mobile aggregate equipment market is expected to grow by 4-6 per cent annually during 2019-2023, driven by the underlying road construction spend. With this acquisition Metso will be able to better take part in the attractive growth of mobile products within the aggregates industry.

"This acquisition is in line with Metso’s profitable growth strategy. It strengthens our aggregates business in key growth areas. The different cycles of aggregates balance our previously more mining focused Minerals portfolio well," says Pekka Vauramo, Metso’s President and CEO.

"Customers in aggregates and construction have varying business needs. This acquisition supports our expansion plans to approach customers through multiple complementary channels and offerings to meet their diverse needs", adds Markku Simula, President of the Aggregates Equipment business area in Metso.

"Going forward, Metso plans to continue developing the McCloskey brands and distribution channels independent of the Metso channel."

McCloskey has about 900 employees in Canada, the United States and Northern Ireland.

"We are proud of the growth achieved in a competitive market. I know that joining Metso is the right move for all our customers, employees, dealers and business partners.

The combination of our unique focus on products and people and Metso’s global resources will help create even better solutions for our customers," says Paschal McCloskey, Founder, President and CEO of McCloskey.

Metso is a world-leading industrial company offering equipment and services for the sustainable processing and flow of natural resources in the mining, aggregates, recycling and process industries. Metso employs over 14,000 people in more than 50 countries.

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