Sandvik Mining and Rock Solutions' Ground Support Division announced the acquisition of Norgalv, a state-of-the-art galvanizing plant based in North Bay, Ontario to strengthen the overall supply offered by DSI Underground within the North American Market.
Owned by private individuals and a Canadian private equity fund, Norgalv, established in 2019, operates from a 3000 sq.m. site, supplying mining, telecommunication, construction, and OEM customers.
"This acquisition will allow stronger alignment of our core processes within DSI Underground whilst still allowing Norgalv to focus on providing galvanising services to the general market ", said Paul Stephenson, Regional CEO of DSI Underground North America. "The proximity of the Norgalv plant to Ground Support Division's facility in Sturgeon Falls is also beneficial from a sustainability and cost of transport perspective, and the plant is already recognized as one of the most environmentally/regulatory compliant galvanizing plants in North America."
Norgalv will continue to operate independently supplying both DSI Underground and its traditional customer base for galvanising services. It will structurally come under the Ground Support Division, DSI Underground North American operations. This acquisition further strengthens and underpins Sandvik/DSI Underground's presence and commitment as a local manufacturer and producer of Ground Support products.
"Norgalv is extremely excited to be joining a global leading supplier of equipment and tools, parts, service, digital solutions and sustainability-driving technologies for the mining and construction industries like Sandvik Mining and Rock Solutions ", stated Andre van Soelen, General Manager, Norgalv Limited. "The acquisition will enable Norgalv to maximize the use of our operational capacity, showcase our knowledge and expertise, and see continued growth for the company here in North Bay."
GS Verde Group's multidiscipline team supported the legal aspects of this cross-border transaction.
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