Lindahl has advised Jennmar Holdings LLC (“Jennmar”) in the acquisition of SSAB’s rock bolt business in Virsbo. The transaction includes the business unit specializing in the production of expandable rock bolts and related products, which are used in the mining, tunneling, and construction industries to secure and stabilize rock structures.
Jennmar, a portfolio company to Falcon Point Partners LLC, has a solid background in the mining industry and manufactures its own expandable rock bolts in its facilities around the world. Jennmar currently employs approximately 4,000 people worldwide and is one of the leading actors in its field. Through this acquisition, Jennmar strengthens its presence in the European market.
The rock bolt business unit in Virsbo, which is well integrated into the local community, currently employs 66 people. The business has a long history of high-quality products and technical expertise, making it a valuable addition within Jennmar’s group.
The transaction is expected to be finalized in the first quarter of 2025.
Lindahl’s team primarily consisted of Henrik Nobel, Edvard Gustafsson and Alva Thörn.
