Schwing America adds telescopic conveyor models in Loop Belt deal

Sources: Schwing America, St. Paul, Minn.; CP staff

Schwing America has closed on the assets of truck-mounted, telescopic conveyor manufacturer Loop Belt Industries. The acquisition includes intellectual property, patents, copyrights and trademarks surrounding a product line anchored by 33- and 40-meter truck-mounted telescopic conveyors, plus a 40-meter tractor trailer mounted model.

“This adds diversification to our portfolio and will provide our customers with enhanced, high-performance concrete and aggregate conveying options,” says Schwing America CEO Bill Murray.

“The Loop Belt product line complements Schwing’s concrete machinery portfolio in a strategic way,” notes Senior Vice President of Marketing Tom O’Malley. “The advanced design features, including an all tubular steel boom, 20-inch wide belts and flexible outriggers, offer users a reliable unit that can convey several types of materials including concrete, aggregates and sand.”

Loop Belt Industries President Joseph Gallione has joined Schwing America as senior product engineer and Operations Support manager. He will continue to lead the product line and oversee the transition of equipment production from Glen Ellyn, Ill., to the Schwing America plant in White Bear Lake, Minn.