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Acquisition & Investment, Business, Industry, News

Mincon acquires leading manufacturer

minconShannon-based engineering services company, Mincon has acquired one of Europe’s leading tungsten carbide manufacturers.

Sheffield-based Marshalls Hard Metals Ltd is already a seasoned supplier to Mincon, which represents 20% of its sales.

Mincon is financing the deal from monies raised in its dual Dublin and London flotation in 2013.

Mincon specialises in the design, manufacture, sales and servicing of rock drilling consumable tools and related products, and has manufacturing facilities in Ireland, the US and Australia. The company also maintains an established network of sales and distribution companies in a number of international markets to provide after sales support and service to customers.

Mincon saw its revenues grow by 4% to 54.5m in 2014 in spite of a general downturn in the global mining industry.

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