Weir Minerals strikes US$220m deal for crushing company
Weir Minerals has acquired Chinese crushing and separation equipment manufacturer Trio Engineered Products from Navis Capital for US$220 million.
The acquisition builds on Weir’s base in the pumping equipment sector to continue the company’s strategy of expansion in the comminution segment of the mill circuit.
This acquisition will “provide a more complete product and service offering to existing mining customers, [allowing Weir to] leverage Trio’s cost-effective manufacturing platform”, the company said.
“We’ll use our group’s global capability to promote Trio’s range of complementary products, extending our addressable market and offering our mining customers a wider range of highly engineered equipment and services. Trio’s established manufacturing capability and its scale and presence in aggregates markets also provides a further platform for growth,” said Weir Group CEO Keith Cochrane.
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