Weir to Acquire Townley in $149M Deal - USA Herald

Weir to Acquire Townley in $149M Deal - USA Herald

In a bold play to deepen its North American roots, Weir Group PLC has announced a deal to acquire Townley Engineering & Manufacturing Co. Inc. and Townley Foundry & Machine Co. Inc. for £111 million ($149 million), marking a significant push into the U.S. phosphate mining market. The Glasgow-headquartered mining giant is betting big on Weir to acquire Townley in £111M deal to expand North American footprint and target phosphate market.

Weir to acquire Townley for $150m to bolster presence in North America

Weir Group, a prominent player in mining technology, has signed a definitive agreement to acquire Townley Engineering and Manufacturing and Townley Foundry & Machine, collectively known as Townley for £111m ($150m).The post Weir to acquire Townley for $150m to bolster presence in North America appeared first on Mining Technology.

Weir Group acquires US firm Townley in £111 million deal – Scottish Business News

Weir Group, the Glasgow-based engineering company, has agreed to acquire US-based Townley Engineering & Manufacturing Co Inc and Townley Foundry & Machine Co Inc for an enterprise value of £111 million. The acquisition aims to strengthen Weir’s manufacturing footprint and market presence in North America, particularly within the phosphate mining sector – a key supplier to the fertiliser industry. Townley, headquartered in Ocala, Florida, is a sp…

Weir to acquire Townley | Pit & Quarry

Weir came to an agreement to acquire Townley Engineering & Manufacturing Co. and Townley Foundry & Machine Co., which collectively manufacture mining wear and abrasion solutions. Townley’s product range includes slurry pumps, dredge pumps, cast foundry products, valves, urethane parts, hoses and rubber linings. Townley’s operations, which include a foundry and urethane and rubber products manufacturing, are based in Ocala, Florida. “Townley is a…