Austin Powder completed the acquisition of a majority stake in Nitrosul.

Austin Powder, a manufacturer of initiation systems for industrial blasting operations, completed the acquisition of a majority stake in Nitrosul, the Brazilian company that produces explosives and blasting services for the construction and mining industry. Financial terms were not disclosed. "From now on, the Nitrosul team joins the Austin family to work to satisfy the needs of our customers with Safety as our top priority, by offering the highest quality products and services while respecting the community and environment," Ignacio Rigou, Austin Powder Director.