For more information contact:
Ray Pietramale, TerraSource Global, ray.pietramale@elginps.com
Shari Worthington, PR, Telesian Technology, sharilee@telesian.com

TerraSource Global Announces the Acquisition of Peninsula Iron Works

June 4, 2024 – St. Louis, MO – TerraSource Global, a leading provider of comprehensive solutions for natural resource recycling, material handling, product classification, and liquid/solid separation under its esteemed brands Gundlach Crushers, Jeffrey Rader, Pennsylvania Crusher, and Elgin Separation Solutions; and a subsidiary of Right Lane Industries – has announced the acquisition of Peninsula Iron Works (PIW) as of May 31, 2024. PIW is a premier refurbisher, rebuilder, and parts manufacturer for capital equipment and large assemblies across the mining, metal products/fabrication, steel recycling/making, building products, and industrial equipment industries. Services include new builds from in-house or customer designs, value-add and refurbishments, maintenance and repair on new or previously repaired work, and contracted services for manufacturing large and complex components.

Kevin Hambrice, CEO at TerraSource Global, said, “Peninsula Iron Works has a long history of success providing high-quality, US-based manufacturing that complements TerraSource Global’s industrial processing equipment. PIW handles heavy fabrication, machine build, and rebuild work for steel mills, aggregate processing operations, sheet mills, lumber mills, aluminum plants, scrap yards, and more. With one of the largest machining part envelopes, PIW is able to offer unique solutions that other companies cannot. We look forward to working with PIW’s management team as we integrate our areas of expertise into more complete solutions for customers and expand our aftermarket offerings for the aggregates, mining, and forest products industries.”

James Johnson, President of Peninsula Iron Works, said, “There is a natural complement between TerraSource Global’s proven, high-quality material handling equipment and PIW’s expertise in large, complex equipment design builds, fabrications, and rebuilds. We are excited to become part of TerraSource Global and partner with their team to serve customers in all corners of the world.”

About Peninsula Iron Works
Founded in 1917, Peninsula Iron Works (PIW) is a full-service Machining, Fabrication, and Engineering company based in Portland, OR. The company specializes in machining and fabricating oversized and complex components while incorporating industry-leading automation. The in-house engineering team and large selection of machinery allow PiW to work on both long and short term projects, as well as all manner of unexpected downtime repairs for customers. The company can fabricate/machine from customer designs, rebuild existing customer equipment, or provide design-build with the in-house engineering team. Find out more at www.peniron.com

About TerraSource Global Corporation
A subsidiary of Right Lane Industries, TerraSource Global brings together four global leading brands – Gundlach Crushers, Jeffrey Rader, Pennsylvania Crusher, and Elgin Separation Solutions. Providing a large and diverse portfolio of proven, high-quality, innovative equipment, personal service, and precision OEM parts backed by technical expertise with a commitment to customer success. TerraSource Global delivers turn-key solutions, intelligent engineering, and aftermarket support around the world, helping operations with natural resource recycling, product classification, crushing, dewatering, fluid recovery, feeding/material handling, liquid/solid separation, and waste management in industries like pulp and paper, oil & gas, recycling, coal and biomass power, aggregates, trenchless, forest products, mining and mineral processing plants, and more. Find out more at www.terrasource.com

###

© 2024, TerraSource Global.