Terramite / TerraQuip Construction Products Inc.

TerraQuip in Transition Following Terramite Acquisition

TerraQuip has entered a period of transition, moving its operation from Wichita, KS, where its previous owner Coneqtec Corp. is located, to its Cross Lanes, WV location. The company says it will be business as usual during this transition.

TerraQuip Construction Products Inc. was acquired by Terramite USA Inc. from Coneqtec Corp. on Aug. 31, 2012. Following the close of this acquisition, TerraQuip has been transferring its operations from Wichita to Cross Lanes. The company says its striving for minimal disruption while it moves its corporate files, records, books, accountants and properties to the company's Cross Lanes location.

According to reports, Terramite is working to build an solid organization for TerraQuip by expanding its management team and incorporating talented engineers and a skilled labor force. TerraQuip will continue to work with its suppliers, customers and vendors to make the transition as seamless as possible. While it strives to grow the business in West Virginia and the U.S., Terramite will prepare to compete in a global market, the company says.

 

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