WESTPORT, Connecticut – TEREX CORPORATION has completed the acquisition of HALCO HOLDINGS, including its subsidiaries Halco Drilling International, Halco America, Halco Drilling Equipment in Australia and Halco Drilling in Ireland.
Halco designs, manufactures and distributes down-the-hole (DTH) drill bits and hammers for drills. The Halco business will be operated in conjunction with the Terex Reedrill operations of Terex.
Terex had global net sales in 2004 of about US$5 billion. It operates five business segments: Terex Construction, Terex Cranes, Terex Aerial Work Platforms, Terex Materials Process & Mining, and Terex Roadbuilding, Utility products and Other. Among its products are mine haulage trucks, jumbo and rotary blasthole drills, hydraulic mining excavators, and service equipment. Its website is found at www.Terex.com.