Jennmar, a provider of infrastructure products and specialised services to the civil, solar, mining, and construction industries, has acquired Weber Mining & Tunnelling SAS and its subsidiaries (Weber).
This acquisition expands Jennmar’s international presence, leveraging Weber’s facility footprint and customer relationships.
Headquartered in France, Weber specialises in manufacturing resins and foams for mining and tunnelling, enhancing Jennmar’s mining solutions.
Weber, with over 60 years of expertise, focuses on innovation and research and development. Its products serve an international customer base in hard-rock mining, civil and tunnelling, and soft-rock mining.
Jennmar’s acquisition will enhance its access to international markets through Weber’s manufacturing plants in France and Poland.
Jennmar CEO Tony Calandra said: “At Jennmar, we have had the privilege of knowing Frank Weber [Weber CEO] and watching the remarkable growth of the Weber business for over two decades, and I’m proud to welcome him and the talented team at Weber to the Jennmar family.”
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By GlobalDataThe acquisition is part of Jennmar’s strategy to grow its chemical and steel business in Europe and the Asia-Pacific region.
FalconPoint co-founder and chief investment officer Andrew Singer said: “We congratulate the Jennmar and Weber teams on this important transaction, which further expands Jennmar’s international footprint and diversification efforts – and firmly establishes Jennmar as a category leader capable of meeting customers where they are, across segments and products.
“We’re excited to continue supporting Tony and the team as they scale the business through disciplined reinvestment, strategic acquisitions, and operational execution.”
Frank Weber said: “As a family-owned business since our founding in 1960, we believe taking this important next step for Weber’s future could only be possible with the right partner.”
Weber will continue its operations under its current name, maintaining services and facilities in France, Poland, Turkey, Australia, and Mexico.
Evercore served as financial advisor to Jennmar, and Lowenstein Sandler as legal advisor. Rothschild & Co. was the financial advisor to Weber, with Hogan Lovells (Paris) as legal advisor.
