LFPI-backed Incitec Pivot completed the acquisition of Titanobel for $78m.

LFPI-backed Incitec Pivot, a corporation that manufactures fertiliser, explosives and chemicals, completed the acquisition of Titanobel, an industrial explosives manufacturer, for $78m. “Together, we will be able to build on the strengths and expertise of both businesses which have a great synergy. Both Titanobel and Dyno Nobel can be traced back to the founder of modern explosives, Alfred Nobel, with the Nobel brand carrying huge cachet in the European market," Jeanne Johns, Incitec Pivot Managing Director & CEO.