Jennmar Expands Global Presence with Acquisition of SSAB's Production Facility in Sweden
In a significant strategic move, Jennmar, a leading provider of specialized infrastructure products and services, announced the acquisition of SSAB's expandable rock bolt production facility located in Virsbo, Sweden. This acquisition, effective February 3, 2025, bolsters Jennmar's foothold in the global mining sector while expanding its product lineup and establishing a stronger presence in the European market.
Tony Calandra, CEO of Jennmar, emphasized that this acquisition represents a crucial step forward, enhancing the company's capabilities in the hard rock mining sector. With the integration of a well-established product line, Jennmar aims to fulfill the evolving needs of its customers while strengthening its commitment to innovation and excellence in mining operations.
The Virsbo factory is renowned for producing high-quality Nordic steel expandable rock bolts, catering to mines and tunnel excavation projects worldwide, with established markets across Europe and the Americas. With this acquisition, Jennmar will absorb the operations of the Virsbo facility and offer roles to all 66 current employees, ensuring a seamless transition.
Sara Valentin Eklöw, General Manager of Jennmar Sweden and former sales director for SSAB’s expandable rock bolts, expressed her satisfaction with the transition to a well-established company capable of sustaining and promoting this vital production. She highlighted Jennmar’s extensive experience in the mining industry, noting that the company also manufactures its own rock bolts in the United States.
Jennmar's rich history spans over a century, and its primary focus has been on manufacturing products and offering solutions that enhance safety and productivity for workers in various industries, including civil infrastructure, solar energy, mining, and construction. This acquisition aligns perfectly with Jennmar's mission to provide superior quality products while expanding its operational scope.
The acquisition further emphasizes FalconPoint Partners, Jennmar's parent company, which specializes in investing in mid-sized North American companies in service and industrial sectors through a partnership-focused approach. FalconPoint identifies and capitalizes on investment opportunities in businesses that offer essential products and services to society.
SSAB, the company from which Jennmar acquired the facility, is a Nordic and US-based steel producer known for creating value-added products and services. SSAB emphasizes close collaboration with its customers to design more sustainable, lighter, and stronger solutions. It operates multiple facilities in Sweden, Finland, and the US, with a workforce spread across more than 50 countries, thus showcasing an impressive global footprint.
As Jennmar integrates this new facility into its global operations, it aims to leverage the capabilities and experience of the Virsbo plant to enhance its product offerings and cater to the diverse needs of its customer base effectively. This strategic acquisition not only reinforces Jennmar's position as a key player in the mining industry but also opens new avenues for growth and potential market expansion in Europe, paving the way for continued innovation in mining products and services.
Tony Calandra, CEO of Jennmar, emphasized that this acquisition represents a crucial step forward, enhancing the company's capabilities in the hard rock mining sector. With the integration of a well-established product line, Jennmar aims to fulfill the evolving needs of its customers while strengthening its commitment to innovation and excellence in mining operations.
The Virsbo factory is renowned for producing high-quality Nordic steel expandable rock bolts, catering to mines and tunnel excavation projects worldwide, with established markets across Europe and the Americas. With this acquisition, Jennmar will absorb the operations of the Virsbo facility and offer roles to all 66 current employees, ensuring a seamless transition.
Sara Valentin Eklöw, General Manager of Jennmar Sweden and former sales director for SSAB’s expandable rock bolts, expressed her satisfaction with the transition to a well-established company capable of sustaining and promoting this vital production. She highlighted Jennmar’s extensive experience in the mining industry, noting that the company also manufactures its own rock bolts in the United States.
Jennmar's rich history spans over a century, and its primary focus has been on manufacturing products and offering solutions that enhance safety and productivity for workers in various industries, including civil infrastructure, solar energy, mining, and construction. This acquisition aligns perfectly with Jennmar's mission to provide superior quality products while expanding its operational scope.
The acquisition further emphasizes FalconPoint Partners, Jennmar's parent company, which specializes in investing in mid-sized North American companies in service and industrial sectors through a partnership-focused approach. FalconPoint identifies and capitalizes on investment opportunities in businesses that offer essential products and services to society.
SSAB, the company from which Jennmar acquired the facility, is a Nordic and US-based steel producer known for creating value-added products and services. SSAB emphasizes close collaboration with its customers to design more sustainable, lighter, and stronger solutions. It operates multiple facilities in Sweden, Finland, and the US, with a workforce spread across more than 50 countries, thus showcasing an impressive global footprint.
As Jennmar integrates this new facility into its global operations, it aims to leverage the capabilities and experience of the Virsbo plant to enhance its product offerings and cater to the diverse needs of its customer base effectively. This strategic acquisition not only reinforces Jennmar's position as a key player in the mining industry but also opens new avenues for growth and potential market expansion in Europe, paving the way for continued innovation in mining products and services.
Topics Heavy Industry & Manufacturing）
【About Using Articles】
You can freely use the title and article content by linking to the page where the article is posted.
※ Images cannot be used.
【About Links】
Links are free to use.