Metso Corp has closed its acquisition of McCloskey International, the Canadian mobile crushing and screening equipment manufacturer.
With the acquisition of McCloskey, Metso expands its offering in the aggregates industry and strengthens its customer reach especially to the general contractor segment. McCloskey has approximately 900 employees in Canada, the USA and Northern Ireland.
“This acquisition is an excellent strategic fit for Metso, because it strengthens our aggregates business and balances our traditionally mining-focused Minerals portfolio,” said Pekka Vauramo, Metso’s president and CEO. “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.”
“This acquisition expands our offering to new customer segments and application areas,” said Markku Simula, president of Metso’s Aggregates Equipment business area. “McCloskey’s capabilities and technical solutions strengthen our ability to address diverse customer needs through complementary channels and offerings.”