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December 13, 2016

Terex sells compact plant business

Filed under: Latest News — EHN Team @ 11:32 am

Terex Corporation has announced that it has agreed to sell its Coventry-based compact construction business to a subsidiary of French plant manufacturer, Groupe Mecalac S.A.

The Coventry site manufactures and sells backhoe loaders, site dumpers and compact compaction rollers. The sale is expected to be finalised in the first half of 2017.

John L. Garrison, Terex President and Chief Executive Officer, said, “For Terex, the sale of the Coventry compact construction business represents continuing progress in our strategy to focus our portfolio on those product categories where Terex has a significant presence in the market and that can provide the greatest returns for our shareholders.”

Gregg Horne, General Manager of the Coventry business, said, “We are excited about the opportunity to join the Mecalac family. It will be very much business as usual for us and for our dealers and we are working towards a seamless transition during the first half of 2017.”

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