The recent merger of Dyno Nobel Holding and The Ensign-Bickford Company (EBCo) has created an explosives business with revenues of US$900M and a presence in 35 countries.
Norway-based Dyno Nobel, (owned by private equity firm Industri Kapital), and Connecticut-based EBCo, develop blast initiation systems and speciality blasting products. Dyno Nobel, also manufactures and markets explosives products and blasting services.
The headquarters will be based in Oslo, Norway, under the leadership of Dag Mejdell as president and chief executive officer. Under the merger agreement EBCo contributes its Connecticut, Illinois, and Kentucky facilities, and all assets, to Dyno Nobel, and receives a 26% share-holding in the new company.
“Combining our two companies responds to the changing needs of our customers,” Dag Mejdell said. “In our industry, the trend is toward national or international contracts, better and more sophisticated service and the latest in high technology explosives products.”
