Strata will retain the A.L. Lee brand and trademark and leverage its respective operational strengths. A.L. 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. “A.L. 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 A.L. Lee helps accelerate Strata’s market reach in mining equipment and adds engineering expertise to further develop technology.