Terex Enters Wood Chipper Business through Acquisition of Woodsman
Terex USA LLC, a wholly owned subsidiary of Terex Corp., has entered the wood chipper business through the acquisition of Woodsman LLC, a Michigan-based manufacturer of wood processing equipment.
The Woodsman product lines will be integrated into the Materials Processing segment of Terex, which is a major player in the crushing and screening industry globally. The business has a comprehensive line of hand-fed chippers as well a portfolio of biomass chippers.
“The addition of Woodsman’s products provides a great opportunity to extend the capabilities of Terex Materials Processing into the adjacent businesses of wood processing and recycling,” said Kieran Hegarty, Materials Processing president. “Our customers can expect tangible investments in terms of distribution coverage for enhanced customer support, a commitment to product development and a focus on readily available spare parts.”
Terex will use a number of well-developed distribution channels to make sure that the particular needs of customers for both hand-fed and biomass chippers are met effectively.
“We are excited to be joining a company that shares our passion for delivering quality, productivity and value to our customers,” said Woodsman founder, Bob Engler. “In addition, we are pleased that our products are now poised to fully benefit from the business recovery with the solid backing of a global company.”