CQMS Razer has agreed to acquire California-based Berkeley Forge & Tool’s (BFT) mining products and associated IP, including patents, new product development pipeline, branding, and trademarks.
The Australia and US-headquartered technology and engineering company, owned by American Industrial Partners, said the acquisition was a strategic move to continue expansion of its global market presence. It will also complement its existing mining product range, it said.
CQMS Razer CEO, John Barbagallo, said the combined business would enhance capabilities to effectively supply and support the global mining sector, especially in the North and South American markets where BFT has been providing the industry with products for more than 50 years.
He added: “Together, we will broaden our product offering, increase our technology and solutions footprint, and enhance our supply chain capability.”
Based in Berkeley, BFT has been supplying mining equipment components into North and South America since the 1960s. This includes forged ground engaging tools.