Austrian mineral processing group Maschinenfabrik Liezen (MFL) has taken a majority holding in SBM Mineral Processing Gmbh with effect from 5 August 2011, with Invest AG acting as minority partner. The new managing directors at SBM are MFL's Heinrich Obernhuber and Erwin Schneller, who have stated that their primary goal "is to keep the clients' confidence in SBM as a strong and solid company, and partner".
In the short term the two companies will remain as independent entities under Austrian company law, but the next few months will be spent examining means whereby both companies can implement and make best use of already available synergies. This procedure is expected to be completed and first steps implemented by the beginning of 2012.
SBM, based in Laakirchen in Upper Austria, manufactures mineral process plant and associated conveyor equipment. MFL is best known in the demolition/recycling sector for the manufacture of a range of mobile crushing equipment.