TerraSource Global Announces the Acquisition of Peninsula Iron Works
Summary
ST. LOUIS--(BUSINESS WIRE)--TerraSource Global – a leading provider of solutions for natural resource recycling, material handling, product classification, and liquid/solid separation under the brands Gundlach Crushers, Jeffrey Rader, Pennsylvania Crusher, and Elgin Separation Solutions – has announced the acquisition of Peninsula Iron Works (PIW) as of May 31, 2024. PIW is a premier refurbisher, rebuilder, and parts manufacturer for capital equipment and large assemblies across the mining, metal products / fabrication, steel recycling / making, building products, and industrial equipment industries. We look forward to working with PIW’s management team as we integrate our areas of expertise into more complete solutions for customers and expand our aftermarket offerings for the aggregates, mining, and forest products industries.” James Johnson, President of Peninsula Iron Works, said, “There is a natural complement between TerraSource Global’s proven, high-quality material handling equipment and PIW’s expertise in large, complex equipment design builds, fabrications, and rebuilds. We are excited to become part of TerraSource Global and partner with their team to serve customers around the world.” A subsidiary of Right Lane Industries, TerraSource Global brings together four major brands – Gundlach Crushers, Jeffrey Rader, Pennsylvania Crusher, and Elgin Separation Solutions – with a large, diverse portfolio of high-quality, innovative equipment, services, and precision OEM parts backed by technical expertise. The company delivers turn-key solutions, intelligent engineering, and aftermarket support around the world, helping operations with natural resource recycling, product classification, crushing, dewatering, fluid recovery, feeding/material handling, liquid/solid separation, and waste management in industries like pulp and paper, oil & gas, recycling, coal and biomass power, aggregates, mining and mineral processing plants.