Terex Corporation (NYSE: TEX) wholly owned subsidiary Terex USA, LLC has entered the wood chipper business through the acquisition of Woodsman LLC, a Michigan-based manufacturer of wood processing equipment.
Terex enters wood chipper business through Woodsman
Terex Corporation (NYSE: TEX) wholly owned subsidiary Terex USA, LLC 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. Kieran Hegarty, materials processing president, said, “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. 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 be using 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. The business will be showing its Terex Woodsman 440 biomass chipper, which is equipped with a 50-inch-diameter by 45-inch-wide full pocket cutting drum, at the upcoming ICUEE exhibition in Louisville, KY in October. A month later the Terex Woodsman 730 will be exhibited at the Tree Care Show in Hartford, CT, a compact hand fed machine for customers seeking a compact chipping solution. Woodsman founder, Bob Engler adds, “We are excited to be joining a company that shares our passion for delivering quality, productivity and value to our customers. 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.”