Posted by Daniel Gleeson on 1st July 2024
Austin Powder, a number one supplier of business explosives and engineered blasting options, says that it has acquired a strategic funding from American Industrial Companions (AIP) to assist and improve the corporate’s development technique in partnership with Austin’s current long-term possession group and administration group.
Working in a security important and technical business, Austin Powder has practically 200 years of business experience that has enabled it to construct a collection of built-in services for the blasting course of. The corporate has solely had 4 house owners in its historical past, and the present possession and administration group has efficiently expanded Austin over the previous 40 years into a number one international operator. AIP’s monetary and operational assist and sources will assist place Austin Powder for continued development and success over the subsequent decade, Austin Powder says.
Austin Powder President and CEO, John D. Rathbun, mentioned: “We had been intentionally in search of an investor that might broaden our skill to supply world-class explosive services, speed up improvements, facilitate enlargement into new territories and protect our heritage and distinctive tradition. Equally necessary was discovering a companion that shared our values of security, customer support, household and respect. We consider American Industrial Companions is a perfect companion for Austin as we transfer ahead.
“We stay up for working with the AIP group as we proceed to develop and differentiate our enterprise globally. The partnership with AIP will assist our efforts to proceed to earn the privilege to serve our prospects.”
AIP Companion, Justin Fish, mentioned: “Austin Powder’s distinctive heritage and galvanizing tradition has stewarded the enterprise to nice heights whereas sustaining a powerful core of security, buyer focus and household. We stay up for constructing upon Austin Powder’s super legacy, investing within the development alternative forward of us and enabling the corporate to proceed delivering on its worthy and necessary mission.
”We stay up for partnering carefully with the Austin Powder administration group and the household of shareholders to chart the corporate’s third century of development and success.”
