FFE Minerals acquisition

FFE Minerals acquisition
Published: 05 July 2006

FFE Minerals has acquired US-based Excel Foundry and Machine, Inc., which is a leading provider of quality spare parts and services to the mining and aggregate industries. At the same time, FFE Minerals has acquired the remaining 49 per cent of the shares in its sister company, Excel Crusher Technologies, LLC. The total acquisition price is in the range of US$30m. As of 1 July 2006, both companies have become wholly-owned members of FFE Minerals under the FLSmidth Group.

The acquisition should be viewed against the highly successful cooperation that has emerged since FFE Minerals acquired 51per cent of the shares in Excel Crusher Technologies, LLC in September 2005. The latter designs, manufactures, and services the Raptor(TM) line of heavy-duty cone crushers. Excel Crusher Technologies also provides complete repair, upgrade/rebuild, and plant maintenance services for most makes and models of cone and gyratory crushers.