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.”
Husqvarna buys floor saw maker Meco
May 13, 2008