Terex Materials Processing (MP) has acquired ProAll, a Canadian producer of mobile volumetric concrete mixers.
ProAll was initially an importer of volumetric mixers into Canada but has since grown into a leading producer of volumetric mixer products for the North American and global markets, according to Terex. The company employs 170 people, and its main production is based in Olds, Alberta. It also operates a service and installation site in Keller, Texas.
The acquisition will allow Terex MP to expand its overall presence in the concrete mixer space, it said. ProAll will join Terex Advance and Terex Bid-Well as businesses in Terex MP’s concrete sub-segment. ProAll also adds an international dimension to what, to date, has been a primarily North American business area for Terex, according to the company.
The ProAll team will report to Jason Talbot, Terex VP and GM, MPS and Environmental, United States and Australia. In a prepared statement, Talbot said:
“ProAll will provide us with exciting prospects to expand into new markets and grow our knowledge and market share in the mobile concrete pouring industry. We look forward to embarking on this journey together with our new colleagues in Alberta and Texas.”
Larry Koop, co-owner and former managing director of ProAll, said in a statement:
“For the past 50 years, ProAll has been a leader in mobile concrete delivery. This is something we are hugely proud of and one of the reasons that we feel so happy to have the opportunity to become part of the Terex MP family. The existing resources at Terex MP will bring huge benefits and global opportunities to our existing team and I am delighted to see their hard work pay off.”
Source: Terex
