Announced
Completed
Financials
Tags
Completed
Private
Majority
Cross Border
Machinery: Specialty
Acquisition
Single Bidder
Private Equity
France
Friendly
explosives manufacturer
Synopsis
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.
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