On June 1, FLSmidth acquired Morse Rubber, an Iowa-based company that produces heavy-duty rubber products, to address mill liner capacity constraints in certain regions.
The Morse Rubber competences will add advanced molding capabilities for rubber and composite mill liners, as well as screen media and various rubber and rubber ceramic wear components, to the existing FLSmidth service offerings. This will allow for FLSmidth’s mill liner capacity to be significantly increased, enabling a stronger service offering to FLSmidth’s North American and Latin American customers.
“We have a clear ambition of improving our capture rate for mill liners on our own installed based. This requires more capacity, and the acquisition of Morse Rubber should be seen in this light. With this acquisition we will be able to offer cost and quality competitive mill liners combined with local presence, local production, and proximity to our North American and Latin American customers,” said Joshua Meyer, service line president of FLSmidth.
The terms of the transaction were not disclosed.