The Jeminex Group, an Australian mining and construction products and services company, continues to expand and strengthen its strategic growth platforms with the acquisition of drilling and blasting services provider Pacific Drilling & Blasting.
Established in 1980, Pacific Drilling & Blasting provides drilling and blasting services and blast reporting to the civil construction and quarry industries throughout Southern Queensland and Northern New South Wales.
Pacific Drilling & Blasting offers close proximity blasting to sensitive receptors such as dwellings, gas pipelines, optic fibre cables and other sensitive utilities, general construction, power line and pipeline drilling and blasting, earth retention and quarrying.
The business maintains long standing relationships with renowned companies such as South East Excavation, John Holland and Thiess.
Jeminex Chief Executive Officer, Mark Allison, said that Pacific Drilling & Blasting is a well managed and profitable business and is an attractive investment based on the synergy opportunities it brings to the overall group.
“Pacific Drilling & Blasting will strengthen Jeminex’s Drill and Blast platform and will compliment our existing businesses, Impact Drilling and the Addrill Group”.
“By providing the group with an immediate presence in Queensland, the acquisition of Pacific Drilling & Blasting gives us enhanced representation and scope in the important Australian east coast markets”.
“With a strong customer base, longstanding supplier relationships and an experienced management team, Pacific Drilling & Blasting will add considerable value to the overall Jeminex proposition as we continue to expand and penetrate the industrial consumables and mining services sectors throughout Australia”.
“We look forward to welcoming Pacific Drilling & Blasting and its employees, suppliers and customers to the Jeminex Group,” Mr Allison said.
Following the acquisition of Pacific Drilling & Blasting, the Jeminex Group now generates annual revenues in excess of $307 million.