West Virginia-headquartered equipment producer J.H. Fletcher has signed an agreement to acquire the Cannon Mining division from Trident Maritime Systems Heavy Equipment Group.
The transaction, confirmed June 10, will boost Fletcher’s capabilities to support its expanding domestic and international customer case
No financial details have been released.
The Cannon equipment portfolio will remain intact and operate under the new name of Cannon Mining Equipment, LLC. Previous Cannon sales, service, parts and engineering teams will remain the same, maintaining uninterrupted product support.
The primary change with the deal will be the location of parts support and machine assembly for domestic customers, with both functions shifting to the J.H. Fletcher facility in Huntington, W. Va. Cannon Mining Latin America will be operated as a subsidiary of Cannon Mining Equipment, LLC and handle the Mexican market directly.
“The acquisition of Cannon Equipment will provide over 30 years of experience building underground mining equipment for industrial mineral and metal mines. The Cannon portfolio that includes drill jumbos, scalers, and roof bolters will further broaden J.H. Fletcher & Co’s existing product lines. Additionally, the articulated frame utility vehicle product line will be a new introduction to the J.H. Fletcher & Co.’s line of equipment, including scissor trucks, crane trucks, man baskets, fuel/lube packages and more,” the OEM said.
Fletcher, founded in 1937, are best known across the global mining community for its line of roof bolters, though it also makes drills, mobile roof supports, powder loaders and tractors.
Source: jhfletcher.com