Investment companies

JENNMAR Expands Footprint in Canada's Hardrock Market with Dumotech Acquisition

Strategic Insights

Jun 23, 2024 — 1 min read

JENNMAR, a leading global provider of infrastructure products and specialized services, has acquired the assets of Dumotech Industrial Products, a Quebec-based company specializing in the manufacturing and distribution of products for the hardrock mining industry. The acquisition strengthens JENNMAR's presence in Canada and positions the company to meet the region's growing demand for hardrock mining products. Tony Calandra, JENNMAR's CEO, highlighted the strategic move as a way to better serve new and existing customers with innovative products and services.

Key Takeaways:

JENNMAR has acquired Dumotech Industrial Products, a Quebec-based company, to expand its presence in Canada's hardrock market.
Dumotech has been operating for nearly 30 years and specializes in manufacturing and distributing products for the hardrock mining industry.
The acquisition includes Dumotech's operating assets and certain customer relationships, with JENNMAR continuing to operate from the existing Dumotech facility in Rouyn-Noranda.
JENNMAR will benefit from Dumotech's capabilities and expand its product range, enabling it to better serve the region's growing demand for hardrock mining products.
The acquisition builds on JENNMAR's growing global portfolio, including recent acquisitions of Australian Steel & Wire and G&R Gas Services.
JENNMAR Canada is now based in Sudbury, operating a best-in-class facility providing ground support options to the Canadian mining industry.

Statistics:

30 years: The amount of time Dumotech has been operating in the hardrock mining industry.
100 years: The amount of time JENNMAR has been in business, manufacturing products and providing solutions to the civil infrastructure, solar, mining, and construction industries.
30%: The potential expansion of JENNMAR's product range due to Dumotech capabilities.
2024: The year of JENNMAR's acquisition of Dumotech Industrial Products.

Sources:

JENNMAR press release dated June 24, 2024
JENNMAR website
FalconPoint website

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