Terex Materials Processing, a business segment of Terex Corporation announced the acquisition of the assets of Continental Biomass Industries, Inc. (CBI), marking a significant expansion of the Terex Environmental Equipment (TEE) product line. TEE, part of Terex Materials Processing, has been serving the wood, biomass, and recycling industries since 2011 and has already delivered meaningful growth. The acquisition of CBI’s business, in operation since 1988, significantly advances the product line while adding dimensions to the TEE business that would otherwise have taken years to develop. The acquisition also adds customization and specialty product capabilities that enable TEE to serve even the most demanding requirements of customers worldwide.
Kieran Hegarty, President, Terex Materials Processing, said: “Wood processing, biomass fuel production, and recycling are strong and growing industries that are driven by increasing global demand for environmentally responsible solutions to waste disposal and alternative energy. We see a real opportunity to bring value to customers in these industries by providing equipment that combines the know-how of CBI and TEE with our existing Materials Processing expertise.”
CBI has a long history in the wood/bio and recycling markets and brings an experienced team that can continue to drive specialized product and project sales on a global basis. CBI also brings a portfolio of products that, when combined with Terex products and products in development can form the basis for a line of standard products that can be sold and supported via distributors. Terex experience and established distribution relationships will enable quick development of a distributor network that will sell and support standard products on a worldwide basis.