Pennsylvania-based JENNMAR is growing its presence in Canada’s hard rock market with its acquisition of Quebec-headquartered Dumotech Industrial Products.
Dumotech, which specializes in the manufacturing and distribution of products and hardware for the hard rock mining industry, has been operating for nearly 30 years. As part of the acquisition, JENNMAR will acquire Dumotech’s operating assets as well as certain customer relationships, and will continue to operate from the existing Dumotech facility in Rouyn Noranda.
Terms of the transaction, including the purchase price, were not disclosed.
“We are thrilled to welcome Dumotech to the JENNMAR family of companies as we continue to build JENNMAR’s presence in Canada,” said Tony Calandra, CEO.
“Dumotech’s capabilities position JENNMAR to continue to meet the region’s hard rock market demand and better serve new and existing customers with our innovative products and services.”
“The addition of Dumotech to our Canadian operations firmly plants our footprint in Quebec and gives us even greater proximity to our expanding customer base in the region,” added David Hurd, vice president of International Sales and managing director of JENNMAR Canada. “We look forward to further bolstering the JENNMAR Canada team with the addition of Dumotech.”
“We are proud to take this important step for our business, and to join the JENNMAR family and legacy,” said Luc Hamelin, executive director of Dumotech. “JENNMAR’s expertise will enable us to strengthen our Quebec offering, expand our product range, and deliver higher-quality service – preserving and enhancing our local proximity while adding greater value to the region’s mines.”
The acquisition follows JENNMAR’s other recent takeovers of Australian Steel & Wire and G&R Gas Services.
Source: JENNMAR