Diversified industrial conglomerate Jebsen & Jessen Group announced today the acquisition of GMA Garnet Group (GMA), the world’s largest and only fully integrated garnet company. This strategic move strengthens Jebsen & Jessen Group’s presence in the global market and will support the new phase of development for GMA.
The acquisition marks Jebsen & Jessen Group’s largest investment to date, part of its ‘Advance and Build’ strategy to strengthen its global presence through targeted acquisitions and partnerships.
This follows the Group’s recent acquisition of a majority stake in Safetech; and acquisitions of MHE-Demag’s Industrial Products (IPD) Business in February 2023, now known as MHE; and Electro-Mechanical Services (EMS) in Australia in April 2023.
Jebsen & Jessen Group, with its distinctive heritage as a trusted provider of quality industrial products and value-added solutions, sees GMA, which is already part of the global Jebsen & Jessen Family Enterprise, as a strategic fit for the Group. The acquisition will see the creation of a new and sixth business unit within the Group, marking its second business unit with a global footprint.
As part of the Jebsen & Jessen Group, GMA will receive the investment, resources, and support for its new phase of development, which will see the expansion of its business scope. This will include capital investments for increased mining and processing capacities, further cementing its position as the undisputed global leader in the industrial garnet industry.
Over four decades, GMA has transformed from its beginnings as a distribution business into the largest and only fully integrated garnet company in the world. A trusted global leader in industrial garnet, the company manages the complete supply chain from the source to processing, international distribution, and recycling; providing the highest quality garnet blasting, waterjet products and specialty minerals to the abrasive blasting, waterjet cutting, and protective coating industries.
Following the completion of regulatory requirements, the company will become an integral part of the Jebsen & Jessen Group. GMA’s brand, company name, and leadership team will remain unchanged, and operations will continue with business as usual.
Source: Jebsen & Jessen Group (Press Release)
