Frank Calandra Inc. (FC), the owner of ground control company, Jennmar, has completed the acquisition of the US underground mining business of Dywidag Systems International (DSI), according to a company press release.
The company has also completed the sale of its European and Latin American operations to DSI but said that DSI’s proposed acquisition of Jennmar Australia had been terminated.
“Jennmar has not immediate plans for divesting its very successful Australian operations,” the company added.
“We thank our loyal customers and employees for standing by us during these months of uncertainty. We will continue to deliver ground support options that are both commercially economical and safe to the Australian mining and tunnelling industries for the foreseeable future.”
FCI and DSI continue to operate three ROCBOLT joint ventures in China, South Africa and Australia.
Edited by Jonathan Rowland.
Read the article online at: https://www.worldcoal.com/mining/21072016/jennmar-completes-sale-of-dsi-us-operation-2016-2053/