Enaex to buy Australian blasting business

Enaex to buy Australian blasting business

Equity M&A Chile Australia

Chilean explosives company Enaex said it has agreed to buy Downer Blasting Services, an Australian rock fragmentation services company, from Downer Group for AUD62 million ($45 million) in its second international acquisition this year. Enaex, a subsidiary of the Chilean conglomerate Sidgo Koppers, said it expects the deal to close in March 2021, according to a press release. Enaex CEO Juan Andrés Errázuriz said the acquisition will allow the company to take advantage of the "significant growth

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