Metso says it has completed the acquisition of McCloskey International, a Canadian mobile crushing and screening equipment manufacturer with market share in the aggregates sector, as well as customers in the frac sand and industrial minerals segments.
The deal was announced back in June, with Metso, at that time, saying the acquisition would allow the company to “better take part in the attractive growth of mobile products within the aggregates industry”.
“This acquisition is an excellent strategic fit for Metso, because it strengthens our aggregates business and balances our 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,” says Pekka Vauramo, Metso’s President and CEO.
Markku Simula, President of the Aggregates Equipment business area of Metso, said: “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. We are confident that McCloskey will align well with Metso, and we are excited to welcome new colleagues to the Metso family.”
McCloskey will be reported in Metso’s Minerals segment as of the December quarter.