Metso acquires two American recycling equipment makers

Finland-based Metso Corp. says it has signed an agreement to acquire construction and demolition materials equipment makers Diamond Z and Screen Machine Industries from Crane Group, which it describes as an Ohio-based family-owned investment company.

Metso says the Diamond Z product line increases its “offering in mobile equipment for the organic recycling markets.” The company makes equipment to process land clearing debris and scrap wood into marketable products.

Screen Machine, says the acquiring firm, broadens its portfolio in the North American mobile crushing and screening markets in the aggregates sector.

Combined the companies employ approximately 190 people with Diamond Z based in Caldwell, Idaho, and Screen Machine in Etna, Ohio, near Columbus.

According to Metso, the companies will continue to operate independently within the Metso Materials Processing Products business line. The value of the transaction has not been disclosed, but Metso says “it has no material impact on Metso’s finances.”

“We are very happy to welcome Diamond Z and Screen Machine Industries to the Metso group of companies,” says Markku Simula, president of Metso’s Aggregates business area. “Diamond Z allows us to extend our offering in the growing infrastructure recycling equipment market and Diamond Z mobile grinders portfolio provides a great addition to our Materials Processing Products offering.”

Continues Simula, “Screen Machine Industries enhances our mobile crushing and screening offering and further strengthens our position as one of the leading providers in the field.”

Metso characterizes Diamond Z as having established a reputation for manufacturing high-quality and durable mobile and portable grinders for the infrastructure recycling sector, with a product line consisting of a range of high-speed grinders “to suit varying needs from land clearing, construction and demolition [and] composting to tire disposal.”

The firm says of Screen Machine Industries that it “offers a broad range of heavy-duty machines for various aggregates crushing and screening applications.”