McLanahan Group CEO Sean McLanahan (left) with Anaconda co-founder, group president and MD Alistair Forsyth
US aggregate equipment manufacturer McLanahan says it will complete the acquisition of Northern Ireland-based Anaconda within the next two months upon legal closing.
Anaconda specialises in the design and manufacture of mobile tracked compact screening, recycling, loading and conveying equipment for the aggregate, organics and recycling industries.
In the past 10 years, Anaconda has sold over 1,200 units into more than 50 countries across six continents. The company, which was founded in 2008 by Alistair Forsyth and Martin Quinn, has also expanded its operations to include a sales and distribution office in Massachusetts in the northeastern part of the United States.
In 2017, McLanahan Corporation began a partnership with Anaconda to distribute and sell Anaconda’s line of mobile track equipment.
In a statement McLanahan said that, as the relationship between the two companies progressed, it became clear that their values and business styles were closely aligned.
It added that creating a more official partnership was "a clear step that would provide mutually beneficial opportunities to both companies."
McLanahan Corporation CEO Sean McLanahan said: “We looked into growing our line of track equipment in several different ways.
“When it came down to it, we saw in Anaconda a company that was well established, had great employees and dealers, and had many of the same values and business principles as we do. Adding them to our family of companies seemed like a clear fit.”
While Anaconda is joining the McLanahan group of companies, it will continue to operate in the marketplace as an independent brand. Its dealer network will remain and continue to support Anaconda customers around the globe. McLanahan said that Alistair Forsyth will also be remaining with the company as group president and managing director, continuing to build the company that he founded.
“We’ve had a lot of offers over the years,” said Forsyth. “What I saw in McLanahan wasn’t a company that wanted to take us over, but a company that could and will help us grow. Anaconda will continue on as the brand we have always been, but we now have the backing of a company that has been in business for 184 years. They share our values and our loyalty to dealers and customers."
Both companies say they will also see equipment line growth, as Anaconda conveyors will be a key part of McLanahan’s new line of modular wash systems, and Anaconda will be adding larger size equipment, including track-mounted crushers.
Headquartered in Hollidaysburg, Pa., McLanahan has provided solutions for a variety of processing applications since 1835. The McLanahan group of companies now includes McLanahan Corporation, Eagle Iron Works and Anaconda Equipment. Details of the Anaconda acquisition have not been disclosed.