US: Germany’s Takraf has acquired the Material Handling Systems business of FMC Technologies (FMC MHS) based in Lansdale, Pennsylvania. FMC MHS provides material handling solutions to a variety of industries including mining, minerals, power and food. It also manufacturers a line of proprietary equipment for rotary drying and cooling of various materials. FMC MHS will be integrated into Takraf’s US business, located in Denver, Colorado and it will retain its office presence in Lansdale. No value has been released for the transaction.
“This acquisition brings with it a number of advantages that we seek to leverage. We identified a need to add to our equipment portfolio and this opportunity enables us to realise our strategic goals – to strengthen our position in the lighter material handling business and reinforce our growth strategy,” said Frank Hubrich, chief executive officer of Takraf. He added that FMC MHS’ product portfolio will enable the company to provide a range of equipment catering to smaller volumes and integrated in-plant conveyor solutions.”