TerraSource Global has announced the acquisition of Peninsula Iron Works (PIW) as of May 31, 2024.
Kevin Hambrice, CEO at TerraSource Global, said, “Peninsula Iron Works has a long history of success providing high-quality, US-based manufacturing that complements TerraSource Global’s industrial processing equipment. PIW handles heavy fabrication, machine build, and rebuild work for steel mills, aggregate processing operations, sheet mills, lumber mills, aluminum plants, scrap yards, and more. With one of the largest machining part envelopes, PIW is able to offer unique solutions that other companies cannot. We look forward to working with PIW’s management team as we integrate our areas of expertise into more complete solutions for customers and expand our aftermarket offerings for the aggregates, mining, and forest products industries.”
James Johnson, President of Peninsula Iron Works, said, “There is a natural complement between TerraSource Global’s proven, high-quality material handling equipment and PIW’s expertise in large, complex equipment design builds, fabrications, and rebuilds. We are excited to become part of TerraSource Global and partner with their team to serve customers in all corners of the world.”
