The Bucket Shop
The Bucket Shop is a Timmins, Ontario-based steel fabricator serving the global mining industry with proprietary wear-resistant bucket components and equipment, marketed under the TBS and Rhinowear brands, and distributed via direct sales and a four-dealer channel.
- Company typePrivate
- Founded1989
- HeadquartersTimmins, Canada
- Headcount51–100
- GTM typeB2B
- OfferingHardware or Manufacturing
What The Bucket Shop does
The Bucket Shop Inc. is a Canadian steel fabrication and wear-solutions company headquartered in Timmins, Ontario, serving the underground and surface mining industry since 1989 (with the dedicated Bucket Shop unit formed in 1994). The company designs and manufactures proprietary mining wear products, including the TBS Cast Lip Systems (425 BHN castings with 700 BHN specialty alloy inserts), Rhinowear Cast Heel Shrouds, and Mechanical Two-Piece Buckets that allow front-end replacement underground without welding. Its Rhinowear sub-brand extends the offering to chrome white iron laminates (720+ BHN), chromium carbide overlay plates, and polymer wear compounds, with the portfolio documented to extend equipment lifecycles by 3 to 4 times versus conventional AR400 steel.
The company operates from a 100,000 sq ft production campus with a 70-tonne overhead crane, CNC and waterjet cutting, abrasive blasting and painting lines, and an in-house engineering department using AutoCAD and SolidWorks; its wholly-owned subsidiary Steeltec supplies structural fabrications, tanks, chutes, and field-services for crushers and monorail systems. Revenue is generated through one-time sales of new and refurbished equipment and wear components (buckets, truck box assemblies and liners, Ground Engaging Tools, cast lip systems, heel shrouds, engineered lifting devices) and professional services including repair/refurbishment, custom fabrication, cutting tables, waterjet, blasting/painting, and transportation. Pricing is quote-based, typically structured as multi-year contracts with enterprise miners and equipment OEMs.
Distribution combines a direct field-sales team with four authorized dealers (Riverview Industries, Amalgamated Mining/AMT-Inc, Soudure Dufer, Forem Enterprise), an online current-inventory and dealer portal, and global shipping operations reaching Canada, the United States, Mexico, South America, and Africa. Reported customers include Caterpillar (27-truck program), IAMGOLD, Goldcorp, Detour Lake Mine, and Atlas Copco (master builder designation for the 2-piece bolt-together bucket). The firm remains family-owned under the Woodward family with no institutional equity investors, a CAD $500,000 NOHFC grant in 2019 representing the only non-operating capital event disclosed.
The Bucket Shop firmographics
Firmographics- Name
- The Bucket Shop
- Legal name
- The Bucket Shop Inc.
- Website
- https://thebucketshop.ca
- Company type
- Private
- Founded year
- 1989
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- The Bucket Shop is a Timmins, Ontario-based steel fabricator serving the global mining industry with proprietary wear-resistant bucket components and equipment, marketed under the TBS and Rhinowear brands, and distributed via direct sales and a four-dealer channel.
- Ownership category
- akta.pro rank
The Bucket Shop industry classification
Industry- Product category
- Mining Equipment Manufacturing
- NAICS
- Mining Machinery and Equipment Manufacturing (333131), Agriculture, Construction, and Mining Machinery Manufacturing (3331), Construction Machinery Manufacturing (333120), Construction and Mining (except Oil Well) Machinery and Equipment Merchant Wholesalers (423810)
- SIC
- Mining Machinery & Equip (No Oil & Gas Field Mach & Equip) (3532), Construction, Mining & Materials Handling Machinery & Equip (3530), Construction Machinery & Equip (3531)
- akta.pro primary industry
- Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media) (IMAKANAH)
- akta.pro secondary industries
- Wear Parts & Consumables (Liners, Mantles, Hammers) (IMAHAMAK), Attachments & Work Tools (Buckets, Augers, Hammers) (IMAHAAAM), Lifting Attachments & Material Handling Accessories (Fork Attachments, Slings, Rigging) (IMAHABAJ)
Keywords
Where The Bucket Shop is headquartered
LocationHeadquarters
- HQ city
- Timmins
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
The Bucket Shop business model
Business model- GTM type
- B2B
- Offering type
- Hardware or Manufacturing
- Cost components
- Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales
Revenue model
- New Equipment and Wear Products: Sale of new mining buckets, truck boxes, wear components (TBS HiPER cast components, Rhinowear products), Ground Engaging Tools (GET), and custom fabricated equipment.
- Refurbished/Used Equipment: Sale of refurbished and rebuilt mining buckets, truck boxes, crusher components, and other specialized heavy equipment parts from maintained inventory.
- Repair and Refurbishment Services: Bucket repair, truck box overhauls, refurbishment to better-than-new condition, undercarriage systems service, and custom rebuild projects.
- Specialized Manufacturing Services: Custom builds, abrasive blasting and painting services, cutting table and waterjet table services, and transportation services.
- Engineering and Design Services: Full engineering department using AutoCAD and SolidWorks for custom designs, application-specific research, and lifecycle improvements.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Multi-year contract | Custom fabricated products and wear solutions |
Go-to-market motion3 records
Distribution channels4 records
Marketing channels7 records
The Bucket Shop product offering
Product offeringCore offering
The Bucket Shop manufactures and refurbishes heavy mining equipment, specializing in wear solutions for mining buckets and truck boxes. Core products include TBS Cast Lip Systems, Rhinowear cast heel shrouds, chrome white iron consumables, mechanical two-piece modular buckets, engineered lifting devices, truck box assemblies and liners, undercarriage systems, and Ground Engaging Tools (GET). The company also delivers repair, refurbishment, custom fabrication, abrasive blasting and painting, CNC/waterjet cutting, and transportation services to mining and heavy industry customers worldwide.
Product overview
The Bucket Shop is a specialized mining equipment fabrication and wear solutions company serving the earth-moving, mining, excavation, reclamation, and trenching industries. The company operates as a one-stop shop offering both manufactured products and services. Core products include TBS Cast Lip Systems and TBS Heel Shrouds (now branded under Rhinowear) which are high-performance wear components that extend equipment lifecycles by 3-4 times. TBS Mechanical Two Piece Buckets provide modular solutions enabling underground maintenance without welding. Supporting products include Ground Engaging Tools (GET), truck box assemblies and liners, undercarriage systems, and engineered lifting devices. Services encompass custom fabrication, abrasive blasting and painting, CNC cutting, waterjet cutting, and transportation. The company also operates Steeltec for structural fabrication and partners with Canam Buildings for relocatable structures. Rhinowear, the exclusive wear products sub-brand, includes chrome white iron, chromium carbide overlay plates, and polymer wear compounds.
Differentiator
Problem solved
Functional benefit
Brands
- Rhinowear: Exclusive line of wear products including cast lip systems, heel shrouds, chrome white iron consumables, polymer wear compounds, and chromium carbide overlay plate. Rhinowear is a highly abrasion resistant chromium white iron laminate with hardness rating of over 720 Brinell.
- TBS HiPER
Products and services
- TBS Cast Lip Systems Cast alloy lip systems for LHD (Load-Haul-Dump) mining buckets featuring 425 Brinell hardness casting with 700 Brinell specialty alloy inserts; available in three sizes accommodating 1 yd3 to 15 yd3 in weld-on or mechanical bolt-on configurations. Proven to extend bucket lifecycles up to 3 times.
- TBS Cast Heel Shrouds / Rhinowear Heel Shrouds High-performance laminated cast heel shrouds with specialty alloy laminate inserts for high wear resistance, flexibility, weldability and impact resistance. Available in Heavy Duty (RW 30, RW 44, RW 85) and Extreme Duty (RW 40HR2, RW 85HR2, RW 150) variants; can be welded individually or mechanically bolted as a group.
- TBS Mechanical Two-Piece Buckets Modular bucket design with mechanically detached and assembled front end requiring no welding, enabling underground maintenance and replacement in hours without transporting the bucket to surface. Specialty alloy inserts provide wear protection and disposable front end option supports recycling. Customers replace the front end three times before needing back-end service.
- TBS Engineered Lifting Devices CSA G40.21 44W steel engineered rings with load range from 1,000 to 20,000 pounds; available in A-shape and D-shape configurations with installation weld specifications provided.
- Ground Engaging Tools (GET) Components necessary for the fabrication, repair, and maintenance of buckets for bulldozers, excavators, and front-end loaders used in mining and heavy industry.
- Truck Box Assemblies and Liners Truck box assemblies and liners for mining and heavy industry applications, including new assemblies, refurbished units, and box liners.
- Undercarriage Systems Undercarriage systems for heavy mining and earthmoving equipment, supplied as new and refurbished units.
- Custom Fabrication and Builds Custom bucket fabrication, bucket overhauls and refurbishment, specialty alloys, plastics, coatings, and custom castings tailored to specific job site conditions for mining and heavy industry customers.
- Abrasive Blasting and Painting Services Surface preparation and finishing services including abrasive blasting and painting for fabricated mining equipment and structural steel, performed in a dedicated 30,000 square foot facility.
- Cutting Table Services CNC cutting services including plasma, arc, and oxy-fuel cutting up to 14 inches thickness, with oscillating plasma head cutting up to 2 inches thickness on 360-degree rotation.
- Waterjet Table Services Waterjet cutting services for precision metal fabrication supporting mining and heavy industry customers.
- Transportation Services Transportation logistics services for heavy equipment and fabricated products from the Timmins facility to customer sites.
- Refurbished and Used Equipment Sales Sale of refurbished and rebuilt mining buckets, truck boxes, crusher components, and other specialized heavy equipment parts from maintained current inventory, listed on the company website inventory page.
- Steeltec Fabrication Services Wholly-owned subsidiary providing structural and custom fabrications, tanks, chutes, hopper liner packages, and field services for mining including underground and surface crushers, ore bins, and monorail fabrication and installation.
- Engineering and Design Services Full engineering department using AutoCAD and SolidWorks for custom designs, application-specific research, and lifecycle improvements delivered as part of custom fabrication engagements.
Quantifiable outcome
- Extends equipment lifecycles by 3 to 4 times, proven with on-site audits and in-field assessments
- +4 more outcomes
Companies that use The Bucket Shop
Customer profileNamed customers6 records
Segments3 records
Ideal customer profiles3 records
The Bucket Shop technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature7 records
The Bucket Shop partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core.
- CWB (Canadian Welding Bureau)corePartnership with Canadian Welding Bureau for welding certification and quality assurance standards.
- Hardox Wear PartscorePartner providing wear-resistant steel materials for bucket manufacturing and wear solutions.
- Castolin EutecticcorePartner for welding and wear protection solutions in mining equipment applications.
- thyssenkruppcoreGlobal partner for materials and industrial solutions supporting manufacturing operations.
- Austin EngineeringcoreMining equipment engineering partner for custom bucket solutions and product development.
- Riverview IndustriescoreAuthorized dealer for The Bucket Shop products in their service territory.
- Amalgamated Mining (AMT-Inc)coreAuthorized dealer for The Bucket Shop products serving mining operations.
- Soudure DufercoreAuthorized dealer for The Bucket Shop products in Quebec region.
- Forem EnterprisecoreAuthorized dealer for The Bucket Shop products serving mining and heavy industry.
Scale indicators11 records
Recent moves12 records
Expansion highlights6 records
The Bucket Shop competitors and assessment
Company assessmentDirect peers
- Hensley Industries: Manufacturer of ground engaging tools (GET), bucket teeth, and wear parts for construction and mining. Direct overlap with TBS's GET, cast lip, and heel shroud product lines, though operating as a Caterpillar subsidiary gives Hensley deeper OEM reach.
- Valley Blades Limited: Canadian-based manufacturer of cutting edges, grader blades, and wear parts for mining, construction, and agriculture. Closely comparable in size, geography (Northern Ontario / Canadian roots), and wear-product focus to TBS.
- Austin Engineering: Australia-based mining equipment fabricator specializing in buckets, truck bodies, and wear products for surface and underground mining. Direct comparable in product category, customer base, and engineering-led customization model — also an existing technology partner to The Bucket Shop.
- Cutting Edge Supply: U.S.-based supplier of replacement ground engaging tools and wear parts for heavy equipment in mining and construction. Similar mid-sized specialty distributor/fabricator competing for the same bucket wear business as TBS.
Broad incumbents
- Metso: Global leader in mining, aggregates, and metals processing equipment including crushers, screens, and wear parts. Competes with TBS in wear consumables for crushing and material handling equipment used in mining operations.
- Bradken: Global manufacturer of mining wear parts, castings, and engineered products serving resource industries. Overlaps with TBS in wear components and cast products but operates at substantially larger scale and broader geographic footprint.
- SSAB (Hardox Wear Parts): Global steel manufacturer whose Hardox brand dominates wear-resistant steel plate used in bucket and truck box fabrication. Both a material supplier to TBS and a competitor through its network of Hardox Wear Parts centers producing finished wear components.
- Komatsu Mining: Major mining equipment OEM producing shovels, loaders, trucks, and associated buckets and wear products. Competes for the same mine-site bucket and wear business as TBS but at vastly larger scale and through OEM-supplied equipment.
- Caterpillar: Global mining equipment OEM that is both an enterprise customer of TBS (27 mining trucks assembled for Baffin Island) and a competitor through its own bucket, GET, and wear product lines via Hensley Industries.
- Sandvik Mining and Rock Solutions: Global mining and rock processing equipment OEM offering loaders, trucks, drills, and crushing equipment. Adjacent competitor in underground mining equipment buckets and wear components, serving overlapping enterprise mining customers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
The Bucket Shop social profiles
Digital presenceThe Bucket Shop financial estimates
Financial estimateRevenue estimate
Valuation estimate
The Bucket Shop leadership team
Management profileNumber of profiles
Profiles9 records
The Bucket Shop subsidiaries and ownership
Company hierarchySubsidiaries1 record
The Bucket Shop funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
The Bucket Shop M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about The Bucket Shop
What does The Bucket Shop do?
The Bucket Shop manufactures and refurbishes heavy mining equipment, specializing in wear solutions for mining buckets and truck boxes. Core products include TBS Cast Lip Systems, Rhinowear cast heel shrouds, chrome white iron consumables, mechanical two-piece modular buckets, engineered lifting devices, truck box assemblies and liners, undercarriage systems, and Ground Engaging Tools (GET). The company also delivers repair, refurbishment, custom fabrication, abrasive blasting and painting, CNC/waterjet cutting, and transportation services to mining and heavy industry customers worldwide.
Is The Bucket Shop a public or private company?
The Bucket Shop is a private company. It is classified as family owned and is currently operating.
When was The Bucket Shop founded?
The Bucket Shop was founded in 1989. It employs 51 to 100 people.
Where is The Bucket Shop based?
The Bucket Shop is headquartered in Timmins, Canada, in the North America region.
How does The Bucket Shop make money?
Five revenue lines are on record. New Equipment and Wear Products are the primary driver. The others are refurbished/Used Equipment, repair and Refurbishment Services, specialized Manufacturing Services and engineering and Design Services.
Who are The Bucket Shop's main competitors?
Direct peers on record are Hensley Industries, Valley Blades Limited, Austin Engineering and Cutting Edge Supply. Broad incumbents are Metso, Bradken, SSAB (Hardox Wear Parts), Komatsu Mining, Caterpillar and Sandvik Mining and Rock Solutions.
Does The Bucket Shop have an API?
No public API is recorded for The Bucket Shop.
What industry is The Bucket Shop in?
The Bucket Shop's product category is Mining Equipment Manufacturing. Its primary akta.pro industry code is IMAKANAH, Wear Parts & Consumables (GET, Liners, Drill Bits, Grinding Media), with a secondary code of IMAHAMAK, Wear Parts & Consumables (Liners, Mantles, Hammers). Its NAICS code is 333131 and its SIC code is 3532.