Heavy Equipment Guide Logo

McCloskey acquisition by Metso completed

The acquisition was announced in June 2019. The acquisition was funded, as previously announced, by a EUR 300 million term loan, which was drawn in September. McCloskey will be reported in Metso's Minerals segment as of Q4 2019.
The acquisition was announced in June 2019. The acquisition was funded, as previously announced, by a EUR 300 million term loan, which was drawn in September. McCloskey will be reported in Metso's Minerals segment as of Q4 2019.

Metso's acquisition of McCloskey International, a Canadian mobile crushing and screening equipment manufacturer, has been successfully completed. With this acquisition, Metso expands its offering in the aggregates industry globally and strengthens its customer reach especially to the general contractor segment. The acquisition was completed on October 1, 2019.

"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.

"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," says Markku Simula, President of the Aggregates Equipment business area of Metso.

The acquisition was announced in June 2019. The acquisition was funded, as previously announced, by a EUR 300 million term loan, which was drawn in September. McCloskey will be reported in Metso's Minerals segment as of Q4 2019.

Company info

20965 Crossroads Circle
Waukesha, WI
US, 53186

Website:
metso.com

Read more

1 McCloskey Road
Keene, ON
CA, K9J 0G6

Website:
mccloskeyinternational.com

Read more

More from Aggregates & Quarries

Sponsored Brought to you by: Volvo Construction Equipment Logo

Put These Wheels in Motion

Volvo wheeled excavators are sound investments. They're easy to transport, offer better digging reach, and provide 360º swing for superior maneuverability and positioning over backhoes — and with outriggers, they're comparable to crawler excavators in both performance and stability. 

Side by side, Volvo wheeled excavators simply outperform backhoe loaders in jobs like trenching and pool digging, with up to 50% time saved and 4 times less fuel. Imagine what those savings can do for your profits year over year! Dig and trench faster with Volvo.

Get our newsletter

Sponsored Brought to you by: Volvo Construction Equipment Logo

Put These Wheels in Motion

Volvo wheeled excavators are sound investments. They're easy to transport, offer better digging reach, and provide 360º swing for superior maneuverability and positioning over backhoes — and with outriggers, they're comparable to crawler excavators in both performance and stability. 

Side by side, Volvo wheeled excavators simply outperform backhoe loaders in jobs like trenching and pool digging, with up to 50% time saved and 4 times less fuel. Imagine what those savings can do for your profits year over year! Dig and trench faster with Volvo.

Subscribe to our free magazine

Get Our Magazine

Paper or Digital delivered monthly to you

Subscribe or Renew Learn more
Sponsored Brought to you by: Volvo Construction Equipment Logo

Put These Wheels in Motion

Volvo wheeled excavators are sound investments. They're easy to transport, offer better digging reach, and provide 360º swing for superior maneuverability and positioning over backhoes — and with outriggers, they're comparable to crawler excavators in both performance and stability. 

Side by side, Volvo wheeled excavators simply outperform backhoe loaders in jobs like trenching and pool digging, with up to 50% time saved and 4 times less fuel. Imagine what those savings can do for your profits year over year! Dig and trench faster with Volvo.

Get our newsletter

Sponsored Brought to you by: Volvo Construction Equipment Logo

Put These Wheels in Motion

Volvo wheeled excavators are sound investments. They're easy to transport, offer better digging reach, and provide 360º swing for superior maneuverability and positioning over backhoes — and with outriggers, they're comparable to crawler excavators in both performance and stability. 

Side by side, Volvo wheeled excavators simply outperform backhoe loaders in jobs like trenching and pool digging, with up to 50% time saved and 4 times less fuel. Imagine what those savings can do for your profits year over year! Dig and trench faster with Volvo.