Metso broadens offerings with Diamond Z and Screen Machine Industries acquisition
The two acquisitions expand Metso’s product offerings in the infrastructure recycling and mobile crushing and screening markets
Metso has acquired Diamond Z and Screen Machine Industries from Crane Group, a family-owned investment company.
The addition of Diamond Z increases Metso's offerings in mobile equipment for the infrastructure recycling markets, as a manufacturer of durable mobile and portable grinders for the infrastructure recycling sector. Their offering consists of a broad range of high-speed grinders to suit varying needs from land clearing, construction and demolition, composting, to tire disposal.
"We are very happy to welcome Diamond Z and Screen Machine Industries to the Metso group of companies. Diamond Z allows us to extend our offering in the growing infrastructure recycling equipment market and Diamond Z mobile grinders portfolio provides a great addition to our Materials Processing Products offering," says Markku Simula, president of Metso's aggregates business area.
Acquisitions expand market reach in key sectors
Screen Machine Industries broadens Metso's portfolio in the North American mobile crushing and screening markets, offering a broad range of heavy-duty machines for various aggregates crushing and screening applications.
"Screen Machine Industries enhances our mobile crushing and screening offering and further strengthens our position as one of the leading providers in the field," says Simula.
Together, the companies employ approximately 190 people with locations in Caldwell, Idaho, and Etna, Ohio. The companies will continue to operate independently in Metso's materials processing products business line. The value of the transaction is not disclosed, and it has no material impact on Metso's finances.
