Terex has announced the acquisition of Steelweld, a manufacturer of heavy fabrications based in Northern Ireland. The purchase of Steelweld supports the growth strategy of Terex Materials Processing by increasing fabrication capabilities in Northern Ireland.

"We are excited to welcome Steelweld's talented employees to the Terex team. Over the past 40 years, the company has built a highly skilled work force and has a valued reputation for high levels of quality and service," says John L. Garrison, Jr., Terex Corporation chairman and chief executive officer.

Kieran Hegarty, Terex Materials Processing president, adds: "Steelweld's expertise in heavy fabrications will provide additional knowledge and talent to support the growth of Terex Materials Processing."

Established in 1983 and operating from a 60,000 sqft. (5,600 sqm) state-of-the-art facility in Cookstown, Steelweld has firmly developed into a leader in quality laser cutting and fabrication services across the UK and Ireland. 

Historically operating in the quarrying and mining industry, growth of the Steelweld team has been strategically planned to integrate engineering and manufacturing experience from the construction, agriculture, transport and recycling sectors, according to the company website.

Financial details of the transaction have not been released, nor any indication of the impact on Steelweld’s leadership and staffing.