JENNMAR acquires majority stake in Australian Steel & Wire

JENNMAR, a leading global provider of infrastructure products and specialised services to the civil, solar, mining, and construction industries and a FalconPoint Partners portfolio company, has announced its acquisition of a majority stake in Australian Steel & Wire Pty Ltd (ASW).

A manufacturer of wire mesh and related products, ASW will build on JENNMAR’s existing wire mesh expertise and expands its offering of cost-effective wire mesh and related products throughout APAC, Europe, and North America. This transaction builds on JENNMAR’s recent growth and follows its partnership with FalconPoint Partners earlier this year.

ASW will be integrated into the JENNMAR Australia group of companies. Terms of the transaction were not disclosed. ASW’s extensive product range includes galvanised and stainless steel welded mesh for the mining industry plus a range of other wire and fencing products for other markets.

“Richard has built a solid team and has many years of mesh manufacturing expertise to add to the JENNMAR group of companies. We look forward to expanding ASW’s capabilities and utilising its low-cost operations in Malaysia to serve our growing international hard rock and soft rock base,” said Tony Calandra, CEO of JENNMAR.

“The integration of ASW into JENNMAR Australia cements the long-standing supply relationship we have had with ASW for many years. This deal not only secures our supply chain but demonstrates to our customers JENNMAR’s commitment to quality, service, and sustained growth for the region. We are really looking forward to working alongside the team at ASW to unlock further technical and commercial benefits for all our stakeholders,” said Gareth King, Managing Director of JENNMAR Australia.

“ASW is excited to join the global JENNMAR business as a provider of high-quality mesh and wire products to an extended customer base around the globe. We see tremendous opportunity in working together as part of the JENNMAR team and the new growth this will bring to the ASW business,” said Richard Sobey, CEO of ASW.