Van Beest – manufacturer of Tycan®, Excel® and Green Pin® lifting equipment – has acquired the majority of the shares of Irizar Forge, based in the Basque Country of Spain.
Irizar Forge is one of the foremost forging companies of premium quality, heavy duty crane hooks and blocks in the world.
Irizar Forge has state of the art manufacturing facilities that produce hooks, crane blocks and related accessories with a lifting capacity of up to 5000t.
The company offers customers a one stop shop solution for specialist lifting and mooring applications: design, manufacturing, inspection and testing are all done in-house.
Irizar Forge develops its tailor-made solutions for offshore and onshore application in industries such as oil & gas, construction, marine transport, industrial processing, nuclear, mining, hydro and steel.
This agreement is a major contribution to the Van Beest mission of worldwide leadership in mooring, lashing and lifting equipment for the onshore and offshore Engineering, Procurement and Construction (EPC) industry and Original Equipment Manufacturers (OEM).
Richard Meer, Member of the Board of Directors of Van Beest, comments:
“With the acquisition of Irizar Forge, Van Beest acquires a strong and well respected company in the lifting and mooring industry. It will not only expand our market position but will also increase the manufacturing footprint of Van Beest through the addition of a world-class production facility.”
Maria L. Irizar, CEO of Irizar Forge, adds:
“In a volatile market in which having greater scale is a significant advantage, we are excited to have found the right partner to achieve that scale. Thanks to synergies in manufacturing, innovation and market access, I am confident that together we will create new opportunities for our customers and, in the process, further grow our business”.