CBI and Terex have joined to allow focus on biomass processing equipment.
Terex Environmental Equipment (TEE) has acquired the assets of CBI. This is expected to allow significant expansion of the TEE product line. TEE has been serving the wood, biomass and recycling industries since 2011, while CBI has been in operation since 1988. TEE indicates that purchasing CBI would significantly advance the product line and add new dimensions to the business that would have taken many years to develop. The acquisition also adds customization and specialty product capabilities that enable TEE to serve the specific requirements of customers worldwide. Terex are confident that wood processing, biomass fuel production, and recycling are strong and growing industries, driven by increasing global demand for environmentally responsible solutions to waste disposal and alternative energy.
CBI has a long history in the wood, biomass and recycling markets. They also have an experienced team that can produce specialised products and project sales on a global basis. CBI’s portfolio of products combined with Terex products and products in development can form the basis for a line of standard products that can be sold and supported via distributors. Terex indicates that their experience and established distribution relationships will allow the quick development of a distributor network that will sell and support standard products on a worldwide basis.
TEE will serve customers via three sales and support channels. The CBI brand will be maintained as a Terex brand within the portfolio. CBI products will serve the high-capacity, full-feature needs of recycling, wood processing and biomass customers, including custom-engineered solutions, where appropriate. CBI products will be represented by a direct sales team, who will work in collaboration with TEE and other Terex distribution to maximise market potential. The Terex Eco product range will address mid-range recycling and wood processing needs for turnkey mobile solutions. This product line will primarily be sold by a network of specialized distributors who have good knowledge of the machines application requirements, and who will focus on the specific needs of targeted customers. The Terex Arborist line will include hand-fed chippers and other smaller equipment that is primarily used by tree-care specialists, utility line maintenance, and construction/landscaping contractors. This equipment will be sold direct to large fleet owners and to smaller customers via a network of tree-care specific dealers.
Anders Ragnarsson, the owner and founder of CBI, will continue as the Managing Director of the CBI product line. In addition to managing CBI, Anders will support Tony Devlin, TEE Worldwide Business Director in developing TEE into a market leader in the wood/bio and recycling industries. Source: http://www.cbi-inc.com/our-company/whats-new-at-cbi/what's-new-at-cbi/2015/04/20/cbi-joins-terex-to-expand-environmental-equipment-business