Stockholm-based Epiroc, a leading supplier to the mining and infrastructure industries, has agreed to acquire the business of Wain-Roy, a U.S. manufacturer of excavator attachments for the construction industry.
The Wain-Roy business, with a manufacturing site in Kronenwetter, Wis., is part of Oregon Tool Inc. The company's customers are mainly in the United States. Wain-Roy has about 100 employees and annual revenues of about U.S. 17.9 million.
“Wain-Roy is known for its high-quality products and competence,” said Helena Hedblom, Epiroc's president and CEO (pictured). "This acquisition will strengthen our presence in the North American construction market and increase our capacity for manufacturing advanced attachments in that region."
The acquisition is expected to be completed in the fourth quarter.