JENNMAR Acquires Majority Stake in Australian Steel & Wire

Source: www.gulfoilandgas.com 5/29/2024, Location: Not categorized

JENNMAR, a leading global provider of infrastructure products and specialized services to the civil, solar, mining, and construction industries and a FalconPoint Partners portfolio company, today announced its acquisition of a majority stake in Australian Steel & Wire Pty Ltd ("ASW"). A manufacturer of wire mesh and related products, ASW will build on JENNMAR's existing wire mesh expertise and expands its offering of cost-effective wire mesh and related products throughout APAC, Europe, and North America. This transaction builds on JENNMAR's recent growth and follows its partnership with FalconPoint Partners earlier this year.

ASW will be integrated into the JENNMAR Australia group of companies. Terms of the transaction were not disclosed.

ASW's extensive product range includes Galvanized and Stainless Steel Welded Mesh, Cut Wire, Wire Coils, 358 Security Mesh, Temporary Fencing Infill Panels, Barb Wire, Fencing Wire, Tie Wire, Hinge Joint Farm Fencing, and Dog Mesh supporting the building, industrial, mining, and rural farming industries.

"Richard has built a solid team and has many years of mesh manufacturing expertise to add to the JENNMAR group of companies. We look forward to expanding ASW's capabilities and utilizing its low-cost operations in Malaysia to serve our growing international hard rock and soft rock base." – Tony Calandra, CEO of JENNMAR

"The integration of ASW into JENNMAR Australia cements the long-standing supply relationship we have had with ASW for many years. This deal not only secures our supply chain but demonstrates to our customers JENNMAR's commitment to quality, service, and sustained growth for the region. We are really looking forward to working alongside the team at ASW to unlock further technical and commercial benefits for all our stakeholders." – Gareth King, Managing Director of JENNMAR Australia

"ASW is excited to join the global JENNMAR business as a provider of high-quality mesh and wire products to an extended customer base around the globe. We see tremendous opportunity in working together as part of the JENNMAR team and the new growth this will bring to the ASW business." – Richard Sobey, CEO of ASW


Norway >>  11/6/2024 -  Akastor ASA (OSE: AKAST) and Mitsui & Co., Ltd, ("Mitsui") have today signed an agreement for the transfer of all of Mitsui's interests in AKOFS Offs...
Switzerland >>  11/6/2024 - AMPCO METAL, a global leader in copper-based alloys, is pleased to announce its acquisition of Switzerland-based Schmelzmetall Group, a renowned produ...

United States >>  11/6/2024 - Zeo Energy Corp. (Nasdaq: ZEO) ( “Zeo Energy”, or the “Company”), a leading Florida-based provider of residential solar and energy efficiency solution...
Canada >>  11/5/2024 - Xypex Chemical Corporation is pleased to announce that, effective November 1, 2024, Concrete Waterproofing Manufacturing Pty. Ltd. (CWM), trading as X...

United Arab Emirates >>  11/5/2024 - Enersol has agreed to acquire a 95% equity stake in Deep Well Services (DWS), a technology-enabled energy services company, for approximately $223m.
United States >>  11/5/2024 - Ecolab today announced the acquisition of Barclay Water Management, a fast-growing provider of water safety and digital monitoring solutions for indus...




Gulf Oil and Gas
Copyright © 2023 ICT All rights reserved. - Terms of Service - Privacy Policy.