Tag Archives: Jennmar

Sandvik consolidates ownership in three Rocbolt Technologies JVs

Sandvik, following the acquisition of ground support and reinforcement specialist, DSI Underground, has taken the opportunity to acquire the joint venture partners’ share of the Rocbolt Technologies JVs DSI was previously engaged in within China, South Africa and Mongolia.

While the company now holds 100% of Rocbolt Technologies in these regions following the transactions with previous 50% owner, Jennmar, it will continue to be a JV partner with Jennmar in Australia under Rocbolt Technologies Australia. Jennmar and DSI established these joint ventures back in 2016.

Rocbolt Technologies will be reported in the Ground Support Division of business area Sandvik Mining and Rock Solutions, Sandvik said.

Sandvik completed the acquisition of DSI recently after announcing the planned purchase late last year.

In 2020, DSI Underground had revenues of about €516 million ($612 million), excluding the four joint ventures. The three JVs that will now be fully consolidated had revenues of around €80 million in that same year.

Jennmar to become US underground coal rail and tie component leader

Jennmar, a subsidiary of Frank Calandra Inc, says it has acquired the Vossloh track, tie and rail accessory inventory from Atlantic Track.

Along with the entire mining inventory, Jennmar has purchased all machinery necessary to support Vossloh’s current mining business consisting of rail, tie and rail straightening capabilities, it said.

Tony Calandra, Group President of Frank Calandra Inc and Calandra Group LLC, said the acquisition made Jennmar the “premier provider” of rail and tie components for the underground coal market in the USA.

Michael Calandra, Executive Vice President of Frank Calandra Inc, said Jennmar will continue to offer the same services with enhanced resources and capabilities.

“This will not affect or delay any current business. We will honour all existing POs that were issued to Vossloh Track Materials prior to January 1, 2020,” he added.

Jennmar’s Calandra Group completes Classic Conveyor acquisition

Calandra Group has completed the acquisition of the roller shop division of Classic Conveyor, a division of Fenner Dunlop Americas.

The deal was consummated on April 30, with Classic Conveyor becoming a part of JM Conveyors, part of the Jennmar Group, on May 1.

Tony Calandra, Group President of Frank Calandra and Calandra Group, said: “This purchase gives JM Conveyor the added capacity that we are looking for in the northeast for longwall mining conveyance. We are excited to add production to the newly acquired assets.

“The whole Fenner team has been great to work with during the last two months. A special thanks to Raj Gopal (Fenner CFO), and Edwin Have (Fenner CEO-Fenner Northern Hemisphere). Edwin has built a great culture and team that JM Conveyor’s will greatly appreciate in the near future. Everyone at JM is excited to work with our new teammates from Classic!”