TerraSource Global, a prominent provider of solutions spanning natural resource recycling, material handling, product classification, and liquid/solid separation through its renowned brands Gundlach Crushers, Jeffrey Rader, Pennsylvania Crusher, and Elgin Separation Solutions, has recently finalized the acquisition of Peninsula Iron Works (PIW) effective May 31, 2024. PIW stands as a distinguished refurbisher, rebuilder, and parts manufacturer specializing in capital equipment and large assemblies across various sectors including mining, metal fabrication, steel recycling, building products, and industrial equipment.
Their extensive services encompass new builds from both in-house designs and customer specifications, value-added refurbishments, as well as maintenance and repair works on both new and previously refurbished equipment. Additionally, PIW offers contracted services for the manufacturing of large and intricate components. Kevin Hambrice, CEO of TerraSource Global, expressed enthusiasm about the acquisition, stating, “Peninsula Iron Works has a rich legacy of delivering top-notch, US-based manufacturing that seamlessly aligns with TerraSource Global’s portfolio of industrial processing equipment.”
PIW’s expertise encompasses heavy fabrication, machine building, and rebuilding for a diverse array of industries, including steel mills, aggregate processing operations, sheet mills, lumber mills, aluminum plants, and scrap yards. With its capacity for accommodating one of the largest machining part envelopes, PIW offers distinctive solutions unmatched by competitors. Hambrice looks forward to collaborating with PIW’s management team to synergize their respective areas of expertise and broaden their aftermarket offerings for the aggregates, mining, and forest products sectors.
James Johnson, President of Peninsula Iron Works, echoed Hambrice’s sentiments, emphasizing the natural synergy between TerraSource Global’s renowned material handling equipment and PIW’s proficiency in designing, building, and refurbishing large, complex equipment. Johnson expressed excitement about joining forces with TerraSource Global to better serve clients worldwide.
