Husqvarna, an Olathe-Kans.-based maker of diamond tools and cutting equipment for the construction and stone industries, has purchased Meco -- Masterpiece Engineering Co. The Prescott, Ariz.-based company is a leading producer of floor saws for cutting concrete and asphalt. According to Husqvarna, Meco posts annual sales of about $9 million, with most revenue in the U.S. Terms of the deal were not disclosed.

Anders Berggren, head of Husqvarna Construction Products North America, said the two companies are a good match. “Husqvarna manufactures diamond blades that are consumed by these floor saws, which will contribute to higher sales in this product area,” he said.

“Meco has a strong market position in the U.S. and Australia,” he added. “Synergies will be achieved with existing operations in terms of production and distribution.”