Global engineering group Weir Minerals has acquired Chinese
crushing and separation equipment manufacturer Trio Engineered Products.
The acquisition, valued at US$220 million, is part of Weir
recent strategy to expand in the comminution segment of the mill circuit,
building upon its base in the pumping equipment sector.
This acquisition will “provide a more complete product and service offering to existing mining
customers [and allow Weir to] leverage Trio’s cost effective manufacturing
platform,” the company said.
It will also allow
Weir to “capture a greater proportion of the aftermarket opportunity from the
installed base of Trio equipment”.
“This agreement will allow Weir Minerals to build upon its successful
comminution strategy,” Weir Group CEO Keith Cochrane said.
“We’ll use our Group’s unrivalled 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.”
Weir acquired the group from
Navis Capital.