The parties agreed not to disclose the terms of the acquisition
Smith & Loveless Inc. has acquired the assets of headworks equipment designer Schloss Engineered Equipment Inc. of Aurora, Colo. The parties agreed not to disclose the terms of the acquisition.
The acquisition expands Smith & Loveless’ offerings for its industry partners and customers. Schloss designs a line of headworks screening, compacting, conveying, washing and dewatering technologies with more than 100 years of operation.
“Joining Smith & Loveless will accelerate the growth and legacy of the Schloss equipment line,” said Schloss CEO and President Kristy A. Schloss. “My father Charles Schloss, P.E., and I are excited for this next chapter in the company’s 116-year history, powered by Smith & Loveless’ national and international distribution.”
Schloss products will be incorporated into Smith & Loveless’ Municipal, Industrial, After Market and International Sales Div. offerings, while the acquired company will be relaunched as Schloss Environmental Equipment Inc., a Smith & Loveless Co.