Terex confirms first acquisition in Republic
TYRONE crushing specialist Terex Materials Processing (MP) has paid an undisclosed sum to acquire Co Monaghan-based MDS International, which makes heavy duty quarrying and recycling screening equipment.
The 34,000 sq ft MDS plant at Carrickmacross will be the first Terex location in the Republic, and gives it an important foothold in the EU.
Founded in 1995 by Liam and Una Murray with a vision to design and develop engineering solutions to industry, MDS has built a highly skilled work force and has a reputation for innovation.
Terex MP makes and exports crushing and screening equipment typically used in quarries and large infrastructure projects, as well as environmental equipment for waste management and recycling applications.
It operates from nine sites in Northern Ireland including Omagh, Dungannon, Ballymoney, Campsie and Lurgan, which together employ approximately 2,000 people.
Pat Brian, vice president (mobile crushing and screening) at Terex MP, said: “MDS is a well-managed business on a terrific growth trajectory, and this acquisition will bolster our growth and improve our product offering
“In Northern Ireland, Terex has a rich history stretching over 60 years, with many globally recognised brands within the industries we operate. Our facilities are centres of excellence, well known across the world for being leaders in technology, design and innovation.”
Liam Murray added: “To have a multinational company like Terex interested in our business is a testament to what we have achieved over the last 25 years at MDS.
“We will now have the global resources of Terex to develop and grow it to new levels. This sale will also bring new levels of support to customers worldwide and to the local area in terms of employment and supply chain.”