Mineral Resources Ltd says it has completed the acquisition of Mining Wear Parts (MWP), a privately-owned company that provides specialist parts to the mining, quarrying and recycling industries across Australia.
MWP, based in Brisbane and with operations in Western Australia, was established by David Macfarlane in 2016. Since then it has grown to become a leading and profitable national supplier of replacement parts used in crushing, milling, slurry pumps, mobile equipment and various consumable products such as castings, according to Mineral Resources.
As part of the transaction, Macfarlane will continue to lead MWP, which will become a wholly-owned subsidiary of Mineral Resources’ CSI Mining Services business (CSI). It is the company’s intention to retain the Mining Wear Parts trading name.
“Under its new ownership structure, MWP will have access to CSI’s financial, strategic and operational capabilities to execute the next step-up in its national growth plans,” Mineral Resources said. “In addition to accelerating MWP’s growth, MRL will incorporate the MWP business into the company’s Kwinana workshop as a first step towards establishing a fitting and services arm for the parts supplied by MWP.”
Mineral Resources Chief Operating Officer, Mike Grey, said: “As a leading provider in the mining services sector, with a significant footprint in crushing, in particular, the acquisition of Mining Wear Parts is a logical addition to the Mineral Resources Group of Companies and will allow us to further vertically integrate our supply chain.
“Mineral Resources, through CSI Mining Services, will be a significant client of Mining Wear Parts but we also look forward to introducing and expanding Mining Wear Parts and its quality service offering to our client base to deliver value-adding opportunities for all.”
Macfarlane, meanwhile, said: “With the support of Mineral Resources, Mining Wear Parts will be able to morph very quickly into a larger business with the ability to significantly increase our range of stocked parts and products and build a large technical and experienced base to better support and service our national client base.
“Importantly, Mineral Resources aligns with the culture we have established at Mining Wear Parts of being innovative and delivering value-adding solutions for our clients.
“Together, we will be able to grow Mining Wear Parts’ presence in the repairs and service markets by bringing the best service people, backed by premium wear and spare parts, the most advanced workshops such as Mineral Resources’ Kwinana facility and tooling for the best outcome for all of our clients.”
