Terex has acquired Halco Holdings, including its subsidiaries Halco Drilling International, Halco America, Halco Drilling Equipment in Australia and Halco Drilling in Ireland.
Halco designs, manufactures and distributes down-the-hole drill bits and hammers for drills. Terex will operate Halco in conjunction with its Reedrill business, which manufactures drilling equipment for the mining, construction and utility industries.
“This acquisition brings with it tremendous opportunities as Halco and Reedrill join together to strategically grow their respective businesses with the support of the global Terex organization,” said Rick Nichols, president of Terex Materials Processing and Mining. “Halco, under Terex’s ownership, will continue its history of developing drilling products and strategies that improve its customers’ productivity and profitability.”