Metso has signed an agreement to acquire Diamond Z and Screen Machine Industries from Crane Group, an Ohio-based family-owned investment company.

Diamond Z increases Metso's offering in mobile equipment for the organic recycling markets. Screen Machine Industries broadens Metso's portfolio in the North American mobile crushing and screening markets. Together, the companies employ approximately 190 people with locations in Caldwell, Idaho, and Etna, Ohio.

The companies will continue to operate independently in Metso's Materials Processing Products business line. The value of the transaction is not disclosed, and it has no material impact on Metso's finances.

"We are very happy to welcome Diamond Z and Screen Machine Industries to the Metso group of companies. Diamond Z allows us to extend our offering in the growing infrastructure recycling equipment market and Diamond Z mobile grinders portfolio provides a great addition to our Materials Processing Products offering," said Markku Simula, president, Metso's Aggregates business area.

"Screen Machine Industries enhances our mobile crushing and screening offering and further strengthens our position as one of the leading providers in the field."

Diamond Z has established a reputation for manufacturing high quality and durable mobile and portable grinders for the infrastructure recycling sector. Its offering consists of a broad range of high-speed grinders to suit varying needs from land clearing, construction and demolition, composting to tire disposal. Screen Machine Industries offers a broad range of heavy-duty machines for various aggregates crushing and screening applications.

For more information, visit www.diamondz.com, www.screenmachine.com and www.metso.com.

This story also appears on Aggregate Equipment Guide.