The Jeminex Group, an Australian mining and construction products and services company, continues to expand with the acquisition of five new businesses.
The number of acquisitions the company has made now totals 17 considerably strengthening its growth platforms.
Jeminex operates a fully integrated supply chain across a broad product and service portfolio, in the key market segments of mining and resources, construction and infrastructure, utilities and manufacturing.
The new businesses include workwear supplier Industrial Safety Apparel Solutions (ISAS), footwear supplier JLD Footwear, workwear retailer Midland Disposal Stores (MDS), electrical and earthing equipment business Energy Correction Options (ECO), and lifting, rigging and height safety distributors A&D Lifting.
The terms of the acquisitions remain confidential.
Following the acquisition of the five new businesses, the Jeminex Group now generates annual revenues in excess of $304 million.
ISAS develops and supplies FIRESISTEX, a unique flame resistant and durable work wear brand to the petro chemical industry.
FIRESISTEX offers the high levels of thermal transfer protection with significantly improved wearer comfort.
As a leading wholesale business, JLD Footwear maintains the Australia and New Zealand rights to the licensed trade marks for ‘Mack’ branded industrial footwear, shoe polish, socks, sunglasses, sneakers, safety glasses and leisure clothing.
MDS sells a broad range of outdoor equipment, clothing and footwear through a network of six stores located in Perth metropolitan areas.
As one of Australia’s primary lifting, rigging and height safety distributors, A&D Lifting distributes a wide range of chain, wire rope, slings, shackles, harnesses and fall arresters.
ECO is a leading distributor of earthing equipment, lightning protection and power quality solutions and provides design, installation and commissioning services for a broad range of power quality and general electrical products.
Jeminex Chief Executive Officer, Mark Allison, says that all five acquisitions are profitable businesses backed by experienced management teams.
“The businesse are all attractive investments based on the synergies they bring to the overall Group,” Allison says.
“With blue chip customer bases, longstanding supplier relationships and strong product demand, all six businesses will significantly enhance and strengthen Jeminex’s Workwear & Personal Safety, and Lifting, Rigging & Height Safety and Industrial and Electrical platforms.”
“ISAS’ ability to leverage the Noble Workwears’ distribution network and offshore manufacturers provides further synergy benefits by allowing the business to expand its customer base into interstate and regional areas while increasing overall future revenues.”
“JLD Footwear sells Mack branded product to a number of Jeminex businesses including Worksense, Australasian Safety & Safety NQ and MDS.”
“We will now look to extend this to other businesses within the Jeminex network.”
“As a renowned industrial footwear brand, Mack will position our Group to become a key player within the industrial footwear market and will provide a complementary fit with Jeminex’s workwear brand Worksense,” he says.
“With strong supplier and agency relationships both domestically and globally already firmly in place, there also exists further opportunity to expand JLD Footwear’s international business.”
“ECO will strengthen Jeminex’s industrial and electrical platform and together with our existing Bri-Tech business, the ECO business will benefit from rapid business expansion by leveraging their product mix, supplier relationships and skills base.”
“A&D Lifting interfaces with many different types of industries including resources, engineering and mining services, making the business a strategic fit across a wide range of the Jeminex Group’s businesses.”
“The five new businesses will significantly enhance the Jeminex Group’s network coverage throughout eastern and western Australia and will add considerable value to the overall Jeminex proposition as we continue to expand and penetrate the mining and construction services sectors throughout Australia.”
“We look forward to welcoming the employees, suppliers and customers of ISAS, JLD Footwear, MDS, ECO and A&D Lifting to the Jeminex Group,” Allison says.
The five new businesses take the number of acquisitions made by the Jeminex Group to 17, with the group’s portfolio now spanning all parts of the mining and construction products and services sector throughout Australia.