DSI purchased 50% of the shares in South African resin capsule manufacturer Rocbolt Resins currently held by Max Hahn and associates. At the same time Jennmar will purchase shares in DSI South Africa from DSI’s previous South African joint venture partner Capital Africa Steel (CAS). Rocbolt Resins, DSI South Africa and Jennmar’s recently established bolt business will be integrated into a new business structure and operated as a partnership by DSI, Jennmar and their BEE partners. The new entity will be positioned as the premier ground support supplier in South Africa enabling a significantly enhanced customer service and ultimately improved product offering to our customers. The South African transactions are subject to competition clearance.
“The three agreements strengthen DSI’s local footprint in these important mining markets,” said Patrik Nolåker, Group CEO, DSI. “Jennmar Canada will be integrated into DSI Canada Mining, combining key assets of both companies and allowing it to deliver to its customers a more comprehensive product and service portfolio as well as an improved purchasing and logistical propositions.”
“Jennmar remains committed to bringing world-class ground control solutions to local mining markets and maintaining our presence by providing exceptional service and on-going technical support,” said Jennmar Executive Vice President, Tony Calandra. “These moves will enable Jennmar to focus on growth markets, namely Latin America, South Africa, and Europe. We are realigning expectations and simplifying structures to best capture opportunities in these emerging markets. Our mature markets remain strong as the United States, Australia and China continue to expand their suite of products within their respective markets.”