Terex Materials Processing (MP) has announced the acquisition of the Canadian company, ProAll, a specialist producer of mobile volumetric concrete mixers.
ProAll’s history traces to companies that were originally founded in the mid 1960s. The company was initially an importer of volumetric mixers into Canada but has since grown into a leading producer of volumetric mixer products for the North American and global markets.
Today, the company employs 170 people and is experiencing the strongest demand in its history. ProAll’s main production is based in Olds, Alberta and it also operates a service and installation site in Keller, Texas.
ProAll’s products are designed for business owners who seek to combine modern technology with the flexible, reliable concrete delivery that volumetric mixers offer.
Furthermore, ProAll’s equipment delivers make-to-order concrete that, according to Terex, improves the quality and efficiency of end-customer operations while making smaller and more specialized pours more affordable.
Terex claims that ProAll’s expertise will be a valued addition to the its portfolio, enabling the company to expand its overall presence in the concrete mixer space.
ProAll will join Terex Advance and Terex Bid-Well—businesses in Terex MP’s concrete sub-segment.
Furthermore, Terex sees these businesses as a representation of its commitment to increasing its participation in North America’s construction markets meeting growing infrastructure needs. So, reinforcing these divisions with the acquisition of a company like ProAll makes sense as a logical step toward fulfilling this commitment.
Also, ProAll adds an international dimension to what has been a primarily North American business area for Terex.
The ProAll team will report to Jason Talbot, Terex vice president and GM of MPS and Environmental, United States and Australia. “ProAll will provide us with exciting prospects to expand into new markets and grow our knowledge and market share in the mobile concrete pouring industry,” said Talbot. “We look forward to embarking on this journey together with our new colleagues in Alberta and Texas.”
“For the past 50 years, ProAll has been a leader in mobile concrete delivery. This is something we are hugely proud of and one of the reasons that we feel so happy to have the opportunity to become part of the Terex MP family,” said Larry Koop, co-owner and former managing director of ProAll. “The existing resources at Terex MP will bring huge benefits and global opportunities to our existing team and I am delighted to see their hard work pay off.”