MAXAM
Advent International becomes a new investor in MAXAM
2012.02.21
Press room - News - Advent International becomes a new investor in MAXAM
With the authorization of the European regulatory officials and the Spanish Council of Ministers, the global private equity group acquires a 49.99% stake in the company.
The remaining 50,01% of the company will continue to be controlled by MAXAM’s management team, led by its Chairman & CEO, José Fernando Sánchez-Junco.
MAXAM is the second global operator, third in terms of revenue, in the manufacturing and sale of products, services, and technical assistance in the design and execution of blasting for the mining, quarrying and infrastructure sectors. MAXAM is the European leader in this field, and has a strong leadership position in emerging areas with a solid growth, such as Russia, Africa, Central Asia or South America. The company also holds a significant position in North America and Australia. This activity generates 80% of the company’s revenue. MAXAM’s remaining industrial activity is accounted for with its business units dedicated to cartridges, shotshells and smokeless powder for sports use (10%), and products and services for the defence industry (10%).Founded by Alfred Nobel in 1872, upon its 140th anniversary MAXAM’s revenue is currently of approximately €1 billion, 85% of which is achieved within the International Markets. Currently, MAXAM has industrial facilities in more than 40 countries in the five continents and over 6,000 employees.
In words of MAXAM’s Chairman & CEO, José Fernando Sánchez-Junco, “…the development of our own technologies along with the model of consolidation of our global expansion –with a significant presence in international markets and those emerging countries with strongest global mining activities– have allowed MAXAM to successfully counteract the global economic crisis. In turn, this places us in an excellent position for future global growth in the new shareholding period that has begun”.
Juan Diaz-Laviada, country Head of Advent International, said: "We are delighted to contribute our extensive global footprint and our know-how in specialized chemicals to help MAXAM in this exciting new period in its corporate history".
About MAXAM - www.maxam.net
MAXAM is a service and industrial group that operates on a global scale by developing, manufacturing and commercializing civil explosives and initiation systems for mining, quarries and infrastructures; cartridges, shot shells and smokeless powder for hunting and sports use; and products for the defense industry. Likewise, MAXAM is a supplier of key raw materials for nitro chemical activity, generated for the company’s own internal needs as well as for the commercialization to third parties. Finally, as a result of its drive towards innovative, sustainable development, MAXAM offers its clients a wide variety of solutions in the fields of safety and environmental conservation.
The company’s vast international presence, respect for the environment, groundbreaking research and considerable philanthropic efforts demonstrate MAXAM’s status as a leading, active and committed company, engaged with the progress and development of the society and the environment that surrounds it.
For further information, visit www.maxam.net
The MAXAM Foundation is a non-profit entity that channels the patronage activities of MAXAM in the culture environment. Furthermore, it has as mission to organize, preserve and disseminate the historical legacy created by MAXAM since its foundation in 1872 (especially the MAXAM painting Collection that began in 1899 and which each year illustrates the famous Explosives Calendars). The House of the Explosives in the Mining and Industrial Museum of Asturias, www.mumi.es) and the MAXAM Chair of the Explosives Technologies from the Higher School of Mining Engineers of the Polytechnic University of Madrid (UPM) are two more examples of the activities of the Foundation.
For further information, visit /en/foundation
About ADVENT INTERNATIONAL – www.adventinternational.com
Founded in 1984, Advent International is one of the world’s leading global buyout firms, with offices in 16 countries on four continents. A driving force in international private equity for 27 years, Advent has built an unparalleled global platform of over 170 investment professionals across Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, strategic repositioning opportunities and growth buyouts in five core sectors, working actively with management teams to drive revenue growth and earnings improvements in portfolio companies. Since inception, Advent has raised €19.4 billion in private equity capital and, through its buyout programmes, has completed over 270 transactions in 35 countries.
For more information, visit www.adventinternational.com.
