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Weir Minerals acquires Trio, expands footprint

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Weir Minerals acquired Trio Engineered Products, based in Shanghai, China, for $220 million. This acquisition will expand Weir’s product line across the global market.

The acquisition will be funded from existing bank facilities and is expected to be paid off within Weir’s first year of ownership.

With this acquisition, Weir will have the ability to provide a more complete product and service offering, as well as enhance Trio’s equipment revenue growth. The company will also be able to sell its products through Trio’s sales channels in North America and China.

“This agreement is strategically compelling for Trio, allowing the company to leverage Weir’s market-leading service center network to accelerate growth and better serve our customers’ aftermarket needs on a truly global basis,” says Mike Burke, CEO of Trio.

The acquisition is expected to finalize before the end of October.

The post Weir Minerals acquires Trio, expands footprint appeared first on Pit & Quarry.


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