After the acquisition is complete, Montabert will retain the Tramac brand as its Canada-based distributor and continue to operate Tramac as a standalone business unit under Montabert, as part of Komatsu’s global business.

In a move designed to support customers by maintaining key distributor networks and opening doors for expanded product access and collaboration, Montabert, a standalone hydraulic rock breaker business owned by Komatsu, announced it has entered into an agreement with Tramac to acquire 100 percent ownership of the distributor's U.S. and Canadian businesses.

Tramac supports more than 30 resellers in Canada and has distinguished itself as one of the top global Montabert breaker distributors for more than 50 years. The company operates three facilities in Canada and one in the United States. Through the planned acquisition, the company aims to enhance product development, expand the rock breaker business into various global markets and provide superior service.

"We are excited to expand our reach for customers in Canada and in new global markets through synergies with the larger Montabert distribution network worldwide," said Peter Salditt, president of underground and hard rock mining at Komatsu. "We are also pleased that the talented team at Tramac plan to remain with the business post-acquisition, so we can continue to work together and grow with their extensive expertise."

Komatsu and Montabert leadership said their focus is on continuing the excellent service Tramac provides, and as such plans to make no changes post-acquisition to the way business is conducted within the Tramac business unit. In time, the groups plan to work together to expand customer access to products in new territories in western Canada and globally.

The official close of the acquisition is projected for the end of February. After the acquisition is complete, Montabert will retain the Tramac brand as its Canada-based distributor and continue to operate Tramac as a standalone business unit under Montabert, as part of Komatsu's global business.

For more information, visit www.komatsu.com.

This story also appears on Aggregate Equipment Guide.

Today's top stories

Louisville Pump Station Receives $230M Update

Amtrak Secures $112M in Federal Funds to Upgrade 13 Projects in Northeast Corridor

Hitachi Construction Machinery Wins Silver in 2024 Anthem Award

Turner Construction Leads $675M Concourse Project

Bobcat Celebrates Season of Giving With Volunteerism, Hurricane Relief, Philanthropic Support

Thompson Tractor Hosts Caterpillar Demo in Oxford, Alabama

Rokbak Haul Track Telematics Boost Uptime With Proactive Maintenance

RIDOT Officials Mark Completion of Key $8.9M Road Resurfacing in Middletown, R.I.