Nepean has acquired bulk materials handling company Ellton Conveyors.
The acquisition includes the assets and intellectual property of Ellton, and sees the complete retention of the engineering team and key staff to Nepean.
According to Nepean, “rationalisation of shared services as well as general economics of scale in supply and project execution” drove the merger.
Speaking on the purchase, Nepean CEO Miles Fullers stated, “Our investment in Ellton Conveyors, and more importantly, Ellton’s customers, is a commitment to the industry, and further strengthens Nepean as a conveyor partner.”
“This is an exciting opportunity to bring together two of the industry’s leading businesses in conveyor and bulk materials handling.”
Nepean NSW general manager, Bill Munday, added that “this is a major milestone”.
“The acquisition of Ellton Conveyors comes in parallel with our continuous efforts to improve customers’ operations, lower their operating costs, and to do so in the safest and most environmentally sustainable way,” he said.
Fuller went on to state: “The acquisition dovetails seamlessly with our vision to be the most trusted partner for innovative and sustainable solutions for the world’s mining and transport industries.”