OPERATIONS

Sandvik to snap up Allied Construction

ACP distributes and manufactures hydraulic breakers and compactors.

 ACP was founded in 1942

ACP was founded in 1942

Sandvik said it will leverage the acquisition of the Ohio-based firm, which distributes and manufactures hydraulic breakers and compactors, to enhance its North American presence.

"[This purchase] also enables Sandvik to expand the existing dealer network into new regions and to penetrate new customer segments with a broader product offering", it said. 

Sandvik Mining and Rock Technology was already a 21% minority shareholder of the company and Sandvik's products generate about 80% of Allied's revenues.

Founded in 1942, Allied Construction Products generated revenues of approximately US$29 million last year with 38 employees.

The parties have agreed not to disclose the purchase price, only saying the transaction is expected to close during the September quarter of 2020. 

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