Terex announced Jan. 3 it has completed its previously announced acquisition of Metso’s Reedrill division. Headquartered in Sherman, Texas, Reedrill is a manufacturer of surface drilling equipment for use in the mining, construction and utility industries. Rick Nichols, president – Terex materials processing and mining, said the Reedrill product lines complement Terex mining products, which include electric mining trucks and hydraulic mining shovels. He also said opportunities to make the business more profitable will exist as Terex integrates Reedrill product lines into its business model.
Terex completes Reedrill acquisition
Jan 10, 2005