Underground mine ground control specialists, Frank Calandra Inc. (Jennmar) and DSI, have signed a series of deals affecting their businesses in the US, Europe, Australia, Latin American and China.
Under the agreements, Jennmar will acquire DSI Mining’s manufacturing assets in the US, integrating its entire mining division into Jenmmar USA. DSI’s US tunneling business is not part of the agreement and will remain fully-owned by DSI.
DSI’s mining operations in the US includes locations in West Jordan, Utah, as well as Evansville, Indiana, Louisville, Kentucky, Cambridge, Ohio, and South Charleston and Martinsburg, West Virginia.
“DSI’s strong presence in western US hard rock mining will further strengthen Jennmar’s position in this segment of the market,” said Tony Calandra, Executive Vice President at Jennmar. “On the other side, its activities in coal mining will complement our existing strong footprint and close some gaps in our offering.”
Meanwhile, DSI is to acquire Jennmar’s operations in Europe, including Jennmar Spain, Jennmar Multitex in the Czech Republic and Jennmar Merol in Poland, as well as Jennmar Latin America and Jennmar Australia.
The close of all transactions is expected within 30 days with the exception of DSI’s acquisition of Jennmar Australia, which is subject to review by the Australian Competition Commission.
“Soft commodity prices and supply/demand imbalances represent important challenges to our customers in mining,” said Patrik Nolaker, Group CEO of DSI. “Through this acquisition, DSI will combine the strengths of two well-established market players, which will allow it to provide its customers a superior offering both from an efficiency and a product and service portfolio perspective.”
In addition, DSI will buy a 50% stake in Jennmar Asia (Jining), Jennmar’s Chinese business, creating another Rocbolt Technologies joint venture. Rocbolt Technologies (China) will join two other Rocbolt joint ventures in South Africa and Australia with Calandra and Nolaker “enthusiastic about the establishment of third Rocbolt joint venture.”
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/mining/03022016/jennmar-and-dsi-unveil-a-series-of-acquisition-agreements-2016-176/