Epiroc buys South African rock reinforcement business12 April 2019
South Africa – Epiroc has completed the acquisition of South African underground rock reinforcement products manufacturer New Concept Mining
New Concept Mining is based in Johannesburg, South Africa, and has facilities also in Peru, Zambia and Canada. It manufactures a comprehensive range of underground mining roof support products, rock monitoring systems and related accessories. New Concept Mining has about 900 employees and had revenue in 2018 of ZAR 1.007bn (USD 72M).
The purchase price is not material relative to Epiroc’s market capitalization and was not disclosed. The business becomes part of Epiroc’s Rock Drilling Tools division, and will continue to be based in Johannesburg.