Terex MP announces purchase of MARCO Conveyors
Terex MP, a global manufacturer of materials processing and lifting machinery, has announced the purchase of MARCO, a manufacturer of bulk material handling conveyors, based in Mt Vernon, Missouri.
As part of the transaction, Terex MP will purchase a 100 000 ft2 factory and office space set on a 15-acre site in Mt Vernon, Missouri. Terex MP plans to expand the site’s manufacturing capacity to support the growing demand for mobile conveying equipment in North America. The site offers a central and local distribution hub in North America, while also diversifying Terex MP’s manufacturing footprint and providing access to an additional labour pool. Terex will also assume responsibility for MARCO’s sales and engineering office in the St. Louis area.
MARCO was established in 1936 by E.F. Marsh Engineering and has since designed and manufactured standard, stationary and portable material handling equipment, such as: stackers, belt feeders, hoppers, and bins. The company was the first conveyor manufacturer to design tubular-truss conveyor frames, which remains a signature product.
Pat Brian, Vice President and Managing Director for Terex Materials Processing’s Crushing and Screening division, comments:
“This acquisition supports Terex MP’s growth strategy to expand our offering in the Bulk Material Handling industries with products that complement the existing portfolio.
“Tubular-truss conveyor frames offer several benefits –they are hardwearing, easily re-configured, and can withstand pressures of moving without bending. MARCO also produces equipment sold into the concrete industry, which will also help to expand our presence in this market.”
Terex MP plans to keep MARCO as a brand within Terex MP’s Crushing, Screening, and Conveying division that includes Powerscreen, Finlay, EvoQuip, and ProStack. MARCO will have substantial growth potential, benefiting from Terex MP’s global distribution network, as well as efficiencies enabled by its global scale and investments in areas, such as product development, sustainability, digital solutions, and factories of the future.
Read the article online at: https://www.drybulkmagazine.com/dry-bulk/06042023/terex-mp-announces-purchase-of-marco-conveyors/
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