Mining Wear Parts, a quarry parts supplier that also specialises in the mining and recycling sectors, has been acquired by Mineral Resources.
Mineral Resources (MRL) finalised its acquisition of Mining Wear Parts (MWP) earlier this month, in a move that will see its services expand.
The acquisition will see MRL turn the acquired company into a wholly owned subsidiary of its CSI Mining Services business, which specialises in replacement parts for the quarrying, mining and recycling industries.
Since it was founded in 2016, MWP has grown into a reputable national supplier of replacement parts that are used in crushing, milling, slurry pumps, mobile equipment and consumable products, including castings.
The Brisbane-based company will keep its original founder David Macfarlane as leader of the company, with the MWP name remaining unchanged.
Macfarlane has had more than 25 years’ experience in supplying parts to the quarrying, mining and recycling industries and was previously a director and a part-owner of Crushing and Mining Equipment, which was eventually sold to H-E Parts International in 2008.
“This is very exciting news for the Mining Wear Parts team and our clients,” Macfarlane said. “With the support of Mineral Resources, Mining Wear Parts will be able to morph very quickly into a larger business with the ability to significantly increase our range of stocked parts and products and build a large technical and experienced base to better support and service our national client base.”
According to MRL chief operating officer Mike Grey, MWP has had a strong reputation in crushing.
“As a leading provider in the mining services sector, with a significant footprint in crushing in particular, the acquisition of Mining Wear Parts is a logical addition to the Mineral Resources Group of Companies and will allow us to further vertically integrate our supply chain,” he said. “We also look forward to introducing and expanding Mining Wear Parts and its quality service offering to our client base to deliver value-adding opportunities for all.”