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Beumer Group acquires conveying systems supplier

By |  May 4, 2022

Logo: Beumer Group

Beumer Group acquired the FAM Group, which manufactures conveying systems and loading technology.

Beumer Group is an international manufacturer of intralogistics systems in conveying and loading systems, palletizing and packaging technology, sorting and distribution systems.

FAM, headquartered in Germany, supplies bulk materials handling and processing plants. FAM plans, designs and manufactures turnkey plants and systems for mining, conveying, loading, and storing minerals, raw materials and goods. The company employs about 750 people at its headquarters and subsidiaries in Brazil, Chile, China, Canada and India, as well as representatives worldwide.

The Beumer Group expects FAM’s experience in system project planning to complement its offerings.

“The management is pleased to have found with the Beumer Group a strategic investor,” says Torsten Gerlach, FAM managing director. “We see great potential for sustainable growth in orders and sales. In this context, the acquisition makes much sense.”

The companies aim to complete the transaction at the end of May.

Kevin Yanik

About the Author:

Kevin Yanik is editor-in-chief of Pit & Quarry. He can be reached at 216-706-3724 or kyanik@northcoastmedia.net.

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