Screen Machine and Diamond Z Announcement
Metso Corporation has acquired Screen Machine Industries and Diamond Z. The acquisition was finalized on October 1, 2024.
Screen Machine (SMI) manufactures large mobile crushing and screening equipment for aggregates, soils and green waste. Diamond Z (DZ) manufactures large portable high-speed grinders that process organic waste from land clearing disposal and storm clean-up. Metso is a frontrunner in sustainable technologies, end-to-end solutions and services for the aggregates, minerals processing and metal refining industries globally. The SMI equipment broadens Metso’s portfolio in the North American mobile crushing and screen markets. DZ’s high speed grinders are a great addition to Metso’s offering in mobile equipment for the organic recycling markets.
SMI and DZ will benefit from Metso’s Materials Processing Products (MPP) global manufacturing and commercial presence. SMI and DZ dealers will have access to the MPP’s broader product portfolio. SMI and DZ’s brand strength and go-to-market dealer channel supports Metso’s growing North American business. Metso’s current plan is to continue with few near-term changes. The company is thrilled about the future opportunity.
Cory LaCrosse, the current Chief Financial Officer, will lead SMI and DZ as its Vice-President. “SMI and DZ employees are excited to join the Metso family. The acquisition positions both companies for growth opportunities and will enhance our ability to serve our dealers and end users.”
John Lamprinakos, current CEO of SMI and DZ, has retired upon completion of the transaction.