Olathe, Kan.-based Husqvarna last week announced it has signed an agreement to acquire the assets of Meco, Masterpiece Engineering Co., based in Prescott, Ariz. Closing is planned for later this month.
Meco produces floor saws for cutting concrete and asphalt, primarily for highway construction and repair. The company has annual sales of approximately $9 million with majority of sales in the U.S.
The acquisition complements Husqvarna’s product range for the construction industry and reinforces the group’s leading position in floor saws.
“Meco has a strong market position in the U.S. and Australia,” said Anders Berggren, head of Husqvarna Construction Products North America. “Synergies will be achieved with existing operation in terms of production and distribution. In addition, Husqvarna manufactures diamond blades that are consumed by these floor saws, which will contribute to higher sales in this product area.”
Husqvarna is an international producer of lawn mowers, chainsaws and portable petrol-powered garden equipment such as trimmers and blowers. The group is also a world leader in diamond tools and cutting equipment for the construction and stone industries.