Jennmar Expands Global Presence with Acquisition of SSAB's Production Facility in Sweden

Jennmar Acquires SSAB's Expandable Rock Bolt Production Facility in Virsbo, Sweden

On February 3, 2025, Jennmar, a top global provider of specialized infrastructure products and services for the civil, solar, mining, and construction industries, announced its acquisition of SSAB's expandable rock bolt production facility located in Virsbo, Sweden. This strategic move marks a significant enhancement to Jennmar's capabilities, enabling the company to bolster its presence and offerings in the European market.

Strengthening Industry Position

Tony Calandra, CEO of Jennmar, expressed enthusiasm about the acquisition, highlighting its importance in solidifying Jennmar's role within the hard rock mining sector. "This acquisition represents a pivotal milestone for Jennmar, as it not only expands our product range, but also enhances our global outreach by foraying into the European market. The addition of an established line of expandable rock bolts to our portfolio underscores our commitment to innovation and excellence in mining solutions. We strive to meet the evolving needs of our customers with a comprehensive array of high-quality solutions, further cementing our position as industry leaders," said Calandra.

The Virsbo facility has garnered respect in the industry for producing top-quality expandable rock bolts crafted from premium Nordic steel. These products are vital in various mining and tunneling projects worldwide, establishing strong market footholds in Europe and America. With this acquisition, the plant will integrate seamlessly into Jennmar's global operations. Notably, the 66 employees currently working at the Virsbo location have been offered positions within Jennmar, ensuring continuity and expertise within the team.

Future Growth and Development

Sara Valentin Eklöw, the Managing Director of Jennmar Sweden, expressed her confidence in the transition, stating, "It is reassuring to have such an established company take charge of our production and continue its development. Jennmar possesses extensive experience in the mining sector, coupled with the manufacture of its own expandable bolts in the United States." This acquisition not only envisions growth opportunities for Jennmar but also aligns with its long-term objectives of service and product enhancement in the infrastructure engineering landscape.

About Jennmar

Jennmar has maintained a strong presence in the infrastructure sector for over 100 years, focusing on the production of products and solutions aimed at maintaining safety and productivity within the workforce. By acquiring SSAB's facility, Jennmar continues its legacy of providing high-quality, mission-critical products to ensure that their customers can operate efficiently and safely.

About FalconPoint Partners

FalconPoint Partners is a private equity firm dedicated to investing in North America's middle-market companies, particularly in business services and industrial sectors. By leveraging a partnership-oriented approach, FalconPoint identifies and capitalizes on unique investment opportunities, focusing on companies that provide critical services and products.

About SSAB

SSAB is a Nordic steel company headquartered in the United States that prides itself on offering added-value products and services customized to meet customer needs. The company aims to foster a stronger, lighter, and more sustainable world, employing thousands across more than 50 countries with production facilities established in Sweden, Finland, and the United States.

For continued updates, Jennmar encourages stakeholders to visit their website for additional information regarding this acquisition and their upcoming initiatives. With this acquisition, Jennmar is poised to contribute significantly to the mining industry's evolution in Europe and beyond.