Germany’s Beumer Group has wrapped up its acquisition of mining-focused FAM, the Magdeburg-based manufacturer of bulk materials handling equipment.
The Beumer-family owned Beumer Group said FAM “significantly strengthened its market position in the minerals and mining sectors”. The group’s existing activities in more than 70 countries focus on conveyor systems and palletising and packaging technology, packaging machines, sorting and distribution systems for the transport and logistics, food, building materials, and chemical industries.
Beumer described FAM an “internationally operating, medium-sized group with 750 employees”.
For almost 90 years now, the Beumer Group, a family-run and wholly self-financed company, has been developing customised system solutions for the mining industry, among others,” it said.