Tughans has advised Pennsylvania USA based McLanahan Corporation, a global provider of process solutions for a variety of industries including mineral processing, aggregate processing, agricultural and many others on its acquisition of CMB International Limited, a manufacturer of crushers, horizontal screens, inclined screens, feeders and conveyors based out of Leicestershire, United Kingdom. CMB’s line of cone crushers will also be used as part of Anaconda Equipment’s line of mobile crushers as they continue to grow their product offering. McLanahan acquired a majority stake in Anaconda in 2019.
Commenting on the deal, David Hunter, business line director of McLanahan aggregate systems said: “This further broadens our product portfolio, cementing our ability to offer some of the most comprehensive solutions in our industry for both wet and dry processing, from feeders right through to tailings management. The addition of the CMB field service team also advances our ability to support our growing customer base”.
Tughans cross border M&A team was led by Corporate Director, Ben Sims and Corporate Partner, John McGuckian with support from Corporate Associate, Tiarnan McKenna, Employment Associate Director, David Hession, Commercial Associate, Aoife Quinn, and Real Estate Associate, Abigail Cairnduff.
Corr & Corr Corporate Finance also advised McLanahan Corporation, with financial Due Diligence led Brendan Corr and assisted by several members from the Corr CF Team.
Commenting on the deal, Cory Jenson, EVP – Sales and Business Development at McLanahan, said:
“We were looking to expand our business in the United Kingdom, and the CMB team were the perfect fit having similar values and goals. The Tughans M&A team were the perfect partners for this cross-border acquisition. Their professionalism and industry sector knowledge was instrumental in completing this transaction seamlessly and prior to key industry exhibition, Hillhead 2022”.
Commenting on the deal, John McGuckian, Corporate Partner at Tughans, said:
“It was an absolute pleasure advising McLanahan Corporation as they continue to expand their business internationally. Ben Sims and the wider team led this deal to its successful conclusion. This deal once again demonstrates Tughans’ expertise in advising North American businesses on their UK&I M&A transactions.”