Terex Materials Processing, a business segment of Terex Corporation and Continental Biomass Industries, Inc. (CBI) are pleased to announce the acquisition of the assets of CBI by Terex, marking a significant expansion of the Terex Environmental Equipment (TEE) product line. TEE, part of Terex Materials Processing, has been serving the wood, biomass, and recycling industries since 2011 and has already delivered meaningful growth. The acquisition of CBI’s business, in operation since 1988, significantly advances the product line while adding dimensions to the TEE business that would otherwise have taken years to develop. The acquisition also adds customization and specialty product capabilities that enable TEE to serve even the most demanding requirements of customers worldwide.
Kieran Hegarty, President of Terex Materials Processing, said: “Wood processing, biomass fuel production, and recycling are strong and growing industries that are driven by increasing global demand for environmentally responsible solutions to waste disposal and alternative energy. We see a real opportunity to bring value to customers in these industries by providing equipment that combines the know-how of CBI and TEE with our existing Materials Processing expertise.”