Orica Limited (ASX: ORI) today announces the completion of its acquisition of 100 per cent of the Nelson Brothers’ explosives joint venture business in the United States.

The transaction, as previously announced, simplifies Orica’s business structure in North America and strengthens its position in attractive downstream markets, including the US quarries and construction sectors. It also expands Orica’s manufacturing footprint, downstream distribution capabilities and access to customers in key regions.  

The acquisition supports Orica’s strategy to enhance security of supply for customers and establish a more diversified and resilient operating platform in North America.  

Orica Managing Director and CEO Sanjeev Gandhi said:

“The completion of the Nelson Brothers acquisition is an important step in strengthening Orica’s North American business and advancing our strategy in attractive downstream markets.

“The transaction expands our manufacturing and distribution footprint, improves access to key customers and supports a more diversified and resilient supply platform.

“We are now focused on integrating the business and delivering the benefits of the transaction for our customers and shareholders.”  

Commenting on the benefits of the acquisition, Orica President North America John Cooper, said:  

“For our customers, this means stronger local support, improved continuity of supply and a team that is closer to their operations, backed by Orica’s technology and digital capability.  

“For our people, it brings together complementary experience, capability and technology across North America, strengthening our ability to respond quickly, solve problems and support the industries and communities that rely on us.”