Strata Worldwide has completed an acquisition of certain assets of A.L. Lee Corp., the market leader in rock dusting machinery as well as other types of underground mining equipment. The asset purchase includes rights to all products and services relating to the mining industry.
Strata plans to use the solid market reputation of A.L. Lee by retaining the A.L. Lee brand and trademark and leveraging its respective operational strengths. A.L. Lee is a family-owned enterprise and has been in business since 1968.
"Through this action, we continue to build on our investment in the mining industry," said Dave Jenks, Chief Financial Officer and Chief Operating Officer of Strata Worldwide. "A.L. Lee is admired for its innovation and success in solution-based mining equipment, lowering customers’ overall cost per tonne. Acquiring this market leader positions Strata to offer an enhanced portfolio of products to a domestic customer base and also customers worldwide."
Jenks added: “The acquisition of A.L. Lee helps accelerate Strata's market reach in mining equipment and adds engineering expertise to further develop technology. "We remain focused on offering our customers high quality and cost-effective solutions to increase safety and productivity in mining".
Read the article online at: https://www.worldcoal.com/mining/13122016/strata-worldwide-acquires-al-lee/