Raute Corp. has signed a contract worth 93 million Euros with Metsä Wood, part of Metsä Group, for the technology delivery of a new Kerto laminated veneer lumber (LVL) mill in Äänekoski, Finland. This order, the…
BID Group and Biomass Engineering & Equipment (BE&E) announced a strategic supply and outsourcing partnership, in which BE&E will acquire the Vibrapro brand and manufacturing operations located in Boise, Id., and the BID Group fabrication plant in Greenville, Ky.
BE&E, based in Indianapolis, Ind., is a rapidly growing engineering services and machinery manufacturer specializing in bulk materials handling for multiple industries across the globe.
“I am excited to welcome the Boise and Greenville teams into the family,” comments Dane Floyd, CEO of BE&E. “This strategic acquisition and the partnership with BID Group fits perfectly into our growth plan and I am confident it will benefit our respective customers. Amazing BE&E growth required additional manufacturing space and a West Coast facility to serve our growing customer base in that region. Our growth plan included adding a vibratory conveyor and screening solutions and Vibrapro is well-recognized for a very high-quality product. It’s not often one can find such a perfect fit.”
BID Group is a leading turnkey builder of sawmills and provides a range of equipment and technologies to the wood products industries.
“On behalf of BID Group, I would like to thank the Boise and Greenville teams,” says Alistair Cook, CEO of BID Group. “You are the reason that this deal has such value. BE&E is an industry leader in the design and manufacture of bulk material handling systems, and we believe the preferred relationship between the two companies will provide an increased level of opportunity for our people and even more value for our customers.”
The transaction is expected to close in the fourth quarter this year and is subject to customary closing conditions.
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