Jennmar, a number one world supplier of infrastructure merchandise and specialised companies to the civil, photo voltaic, mining and development industries and a FalconPoint Companions portfolio firm, has introduced that it has acquired SSAB’s expandable rock bolt manufacturing facility in Virsbo, Sweden.
This strategic acquisition it says “strengthens Jennmar’s place as a key participant within the world mining trade, broadening its product portfolio and establishing a big presence within the European market.”
“This acquisition marks a big milestone for Jennmar, strengthening our capabilities inside the onerous rock mining sector whereas additionally increasing our world attain and bringing our operations to the European market,” mentioned Tony Calandra, CEO of Jennmar. “The addition of a longtime rock bolt product line to our portfolio reinforces our dedication to innovation and excellence in mining. We’re proud to proceed assembly the evolving wants of our clients with a complete vary of high-quality options, additional solidifying our place as an trade chief.”
The Virsbo facility – broadly recognised for producing high-quality expandable rock bolts made from premium Nordic metal – provides mines and tunnelling initiatives worldwide, with established markets in Europe and the Americas. The ability can be built-in as a part of Jennmar’s world operations, and all 66 staff on the Virsbo facility have been supplied continued employment with Jennmar.
“I’m very happy that such a longtime firm is fascinated by taking up manufacturing and persevering with to develop it. They’ve in depth expertise within the mining trade and in addition manufacture their very own expandable bolts within the US,” added Sara Valentin Eklöw, Managing Director at Jennmar Sweden and former Gross sales Director for Expandable Rock Bolts and Head of the Virsbo Facility at SSAB.
