WEARX, headquartered in Thornton, on Australia’s east coast some 25km north-west of Newcastle, is a privately-owned wear solutions provider with approx. 140 employees and a range of its own products designed to help customers reach their plant availability goals. The company’s offer includes wear liners, rubber & ceramic lining, skirting, chutes & bulk material handling equipment. In addition, it provides services including design, engineering, site services and project management.
According to Gary Newman, CEO of WEARX, the company’s management & staff have worked hard to develop WEARX into an agile service provider that delivers high value solutions to its customers. With the next phase of the company’s growth in mind, the board and shareholders decided that a full trade sale to a large, likeminded company was the best way to continue the evolution of the business.
“When it came down to making our decision as to which company we wanted to move forward with, our key considerations were cultural fit and clear synergies between the two companies. I’m very pleased to say, that we found an ideal fit in Metso. Joining forces with Metso is a historic step in our company’s development,” Newman says.
Metso’s Senior Vice President for the Australian Market Areas, Ross Wotherspoon agrees that there is an excellent business and cultural fit between the two companies: “From the very beginning, I was really impressed by the WEARX culture which is very similar to ours. This move is part of Metso’s growth strategy, which includes both organic growth, as well as growth through acquisitions.” he said.
“Over the years, we have aggressively expanded our services footprint and committed to regularly measure and actively improve the satisfaction of both our customers and staff. In parallel to these initiatives, we have developed an acquisition strategy designed to broaden our offering. The acquisition of WEARX is a direct product of this strategy. Combining the strengths of our companies and knowledge of our people will allow us to bring even more value to our clients in the mineral processing and material transfer market sectors.”
SVP, Australasia Market Area