Sandvik completes acquisition of Allied Construction
Published by Jessica Casey,
Editor
Global Mining Review,
Sandvik has completed the previously announced acquisition of Allied Construction Products LLC, a US distributor of hydraulic hammers to the construction and mining industries and manufacturer of compactor plates and mounting brackets.
In 2019, the company generated revenues of approximately US$29 million, with 38 employees. Sandvik was already a 21% minority shareholder of the company and its products generated approximately 80% of Allied’s revenues.
The deal is neutral to Sandvik’s earning per share from the start.
Read the article online at: https://www.globalminingreview.com/finance-business/05102020/sandvik-completes-acquisition-of-allied-construction/
You might also like
Anglo American operations in Peru and Chile recognised by The Copper Mark for responsible production practices
Anglo American announces that its Quellaveco copper mine in Peru and its three managed copper operations in Chile – the Los Bronces and El Soldado mines and Chagres smelter – have been awarded The Copper Mark following independent assessments against the Copper Mark criteria for responsible copper production.