Jeminex Group acquires five new businesses

Friday, 04 April, 2008

The Jeminex Group, an Australian mining and construction products and services company, has acquired five new businesses — 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 — taking the number of acquisitions made by the Jeminex Group to 17 and annual revenues to more than $304 million.

Jeminex operates an integrated supply chain across a broad product and service portfolio in mining and resources, construction and infrastructure, utilities and manufacturing markets.

ISAS develops and supplies Firesistex flame-resistant workwear to the petrochemical industry. JLD Footwear maintains the Australia and New Zealand rights to the licensed trademarks for Mack branded industrial footwear, safety glasses and leisure clothing. MDS retails outdoor equipment, clothing and footwear in Perth. A&D Lifting distributes chain, wire rope, slings, shackles, harnesses and fall arresters. ECO distributes earthing equipment, lightning protection and power quality solutions and provides design, installation and commissioning services.

Jeminex CEO Mark Allison said all five acquisitions are profitable businesses backed by experienced management teams and are attractive investments based on the synergies they bring to the overall Group: “With blue chip customer bases, longstanding supplier relationships and strong product demand, all five businesses will significantly enhance and strengthen Jeminex’s workwear and personal safety, lifting, rigging and height safety, and industrial and electrical platforms.

“The five new businesses will significantly enhance the Jeminex Group’s network coverage throughout 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.”