STRATA ANNOUNCES ACQUISITION OF AL LEE ASSETS
ATLANTA, Georgia (December 9, 2016) – Strata Worldwide has completed an acquisition of certain assets of AL Lee Corporation, the market leader in rock dusting machinery as well as other types of underground mining equipment. The asset purchase includes rights to all products and services relating to the mining industry.
Strata plans to utilize the solid market reputation of AL Lee by retaining the AL Lee brand and trademark and leveraging its respective operational strengths. AL Lee is a family-owned enterprise and has been in business since 1968.
“Through this action, we continue to build on our investment in the mining industry,” said Dave Jenks, Chief Financial Officer and Chief Operating Officer, Strata Worldwide. “AL Lee is admired for its innovation and success in solution-based mining equipment, lowering customers’ overall cost per ton. Acquiring this market leader positions Strata to offer an enhanced portfolio of products to a domestic customer base and also customers worldwide.”
The acquisition of AL Lee helps accelerate Strata’s market reach in mining equipment and adds engineering expertise to further develop technology. “We remain focused on offering our customers high quality and cost-effective solutions to increase safety and productivity in mining.” Jenks added
Strata Worldwide develops innovative products and safety solutions for underground coal mines all over the world. Beginning in 1993 with the introduction of the first engineered timber prop-type roof support, Propsetter®, to being the current-day global leader in proximity detection systems, Strata Worldwide has always been dedicated to bringing increased safety, efficiency and productivity to underground coal mines. For more information, visit www.strataworldwide.com.