Astec acquires ON pellet-mill company
October 1, 2009
By Canadian Biomass
NEWS HIGHLIGHT
Astec acquires ON pellet-mill company
Astec Industries has acquired Industrial Mechanical & Integration (IMI),
a small, Walkerton, Ontario, company that has
wood-pellet mill technology.
Oct. 1, 2009, Chattanooga,
TN – Astec Industries has acquired Industrial Mechanical & Integration (IMI),
located in Walkerton, Ontario. IMI is a small company that has
wood-pellet mill machine technology. Rick Minke, president of IMI, and key
employees have agreed to remain with the company to further develop and promote
this new technology. IMI has been testing the technology for two years and is
now making the first group of production machines.
"We are excited about
the potential of this new technology,” says Dr. J. Don Brock, chairman and chief
executive of Astec Industries. “Conventional pellet production machines were
designed for easy-to-use materials and do not always work well with a wide
variety of wood species. With this acquisition, Astec Industries can provide a
one-stop solution to customers desiring to own a pellet plant that can process
material from roundwood all the way to the finished product. We are well
positioned to be a turnkey supplier to the growing wood pellet industry.”
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