Robit’s Halco assets’ purchase gives company U.S. manufacturing base
First publishedon www.AggBusiness.com
Robit Group CEO Mikko Mattila marks up Robit's latest manufacturing asset gains in the U.S.
Robit, the Finnish manufacturer of quality top hammer products for rock drilling and casing systems for ground drilling, has signed and closed an agreement to purchase the manufacturing assets and IPRs of Halco International and Halco America.
The move will see Robit take ownership of Halco’s factory in the city of Sherman, near Dallas. From there, Robit plans to run its own manufacturing unit with related service point and stock. The location of the new factory in the middle of the USA-Americas region will, Robit says, improve its service and delivery to distributors and direct customers.
In Sherman, Robit will be manufacturing its DTH-line products, mainly for Americas Region customers. The DTH range covers all common size top hammer products for rock drilling and cashing systems for ground drilling used in quarrying, construction, mining and well drilling.
The now Robit-owned Sherman factory is located 50 miles north of Dallas. It has integrated supply chain network links through multiple transportation modes, including air and express delivery services, freight rail and truck transport. For example as addition to DFW International Airport, there are three other airports in the Dallas area. Both Fedex and UPS have their depos next door. The factory area is 4,000m² and includes 11 open office desks, two offices, a meeting room, training room and receptionist desk.
Halco is a pioneer brand in Down-the-Hole drilling with the brand name originating from Halifax Tool Co, UK 1948. Both Halco companies were owned by Regent, a private equity company from California. Regent acquired Halco from Caterpillar on 2014. Prior the sale in 2014, Caterpillar invested heavily into the facilities and machinery.
Robit has 19 sales and service points worldwide and four manufacturing companies in United States, Australia, South Korea, UK and Finland. Robit is listed in Nasdaq Helsinki Ltd's First North Finland marketplace.