CQMS Razer (and American Industrial Partners) and Berkeley Forge & Tool (BFT) today announced they have entered into an agreement under which CQMS Razer will acquire BFT’s mining products and associated IP including patents, new product development pipeline, branding, and trademarks.
The acquisition is a strategic move by CQMS Razer to continue expansion of their global market presence and will complement their existing mining product range.
CQMS Razer CEO John Barbagallo said the acquisition would deliver strong benefits for the companies and their mining sector customers.
“The combined business will enhance capabilities to effectively supply and support the global mining sector especially in the North and South American markets where BFT has been providing the industry with innovative products for more than 50 years,” said Mr Barbagallo.
“Together, we will broaden our product offering, increase our technology and solutions footprint, and enhance our supply chain capability.”
Based in Berkeley, California, BFT has a proud history since 1948, including the supply of mining equipment components into North and South America since the 1960s.
The Bierwiths, owners of BFT, said they are proud of what the Berkeley Forge Team has accomplished, and look forward to CQMS Razer taking our product line into the future.
CQMS Razer is a technology and engineering company providing consumable products to large mining fleet and innovative digital solutions to enhance mining productivity. CQMS Razer is dual headquartered in the USA and Australia to proactively supply the global mining industry.
Kristy Boyce, Marketing Communications Manager, CQMS Razer
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