Weir Group, the Glasgow-based global mining and engineering FTSE 100 firm, said it has completed the acquisition of Florida-based Townley Engineering and Manufacturing Co., Inc. and Townley Foundry & Machine Co., Inc.

“This follows the announcement on 18 June 2025 of our agreement to acquire Townley, which is a leading manufacturer of high-quality engineered products for minerals processing, for a sterling equivalent enterprise value of £111m (US$150m),” said the Glasgow firm.

Weir has 12,000 employees in over 50 countries with a presence in every major mining region of the world.

Weir CEO Jon Stanton said: “We are delighted to welcome Townley to Weir. Townley is a highly complementary addition; completing this acquisition will further strengthen Weir’s presence in North America, increasing our footprint in the attractive phosphate market, a key mineral in modern fertilisers.

“Townley’s US foundry and manufacturing capabilities will enable Weir to drive further localisation and reduce lead times within our North American markets, aligning strongly with customer needs and completing Minerals’ global casting capacity requirements.”

Weir added: “Townley will be integrated and reported within the North American region of the Minerals division, strengthening its manufacturing footprint and market channels while further growing the service centre network in the region.

“We expect Townley’s revenue contribution in the current year to be c.£20m from the period of ownership with low double digit operating profit margins; however, this contribution does not result in a change to Weir’s full year 2025 financial guidance as of 31 July 2025.”