FalconPoint Partners-backed Jennmar completed the acquisition of Expandable Rock Bolt Production Facility from SSAB.

FalconPoint Partners-backed Jennmar, an American provider of infrastructure products and specialized services to the civil infrastructure, completed the acquisition of Expandable Rock Bolt Production Facility from SSAB, a Nordic and US-based steel company specializing in high-strength steels and related services. Financial terms were not disclosed. "This acquisition marks a significant milestone for Jennmar, strengthening our capabilities within the hard rock mining sector while also expanding our global reach and bringing our operations to the European market. The addition of an established rock bolt product line to our portfolio reinforces our commitment to innovation and excellence in mining. We are proud to continue meeting the evolving needs of our customers with a comprehensive range of high-quality solutions, further solidifying our position as an industry leader," Tony Calandra, Jennmar CEO.