Nelson Brothers, Inc., (NBI) announced a strategic restructuring agreement with Orica that will unwind the companies’ joint venture ownership. Upon completion of the transaction, NBI will fully own and operate its Specialty Chemicals business, including emulsifiers for explosives, while Orica will fully own and operate the commercial explosives business.
The move marks a significant milestone for NBI and reinforces the company’s long-term commitment to the specialty chemicals markets it serves. “We believe this step positions Nelson Brothers for a strong future,” said Tony Nelson, CEO of NBI. “We look forward to continuing to serve customers with increased investment in innovation, capabilities and our people.”
NBI believes the transition will strengthen its foundation and enable the company to continue building a specialty chemicals platform designed to serve customers, employees and partners for decades to come.
“Nelson Brothers’ Specialty Chemicals organization will continue operating with our dedicated teams and with the commitment that customers rely upon today,” said Dave Pristic, executive vice president of specialty chemicals for NBI. “We are excited about the opportunity to deliver innovative solutions to the markets and customers we serve.”
NBI Specialty Chemicals has more than 30 years of experience working with emulsifiers used for bulk blasting agents. Bulk emulsion explosives must remain stable throughout manufacturing, transportation and pump loading while maintaining consistent sensitivity after extended sleep times in varying ground and climate conditions. With extensive formulation experience, NBI applies the chemistry needed for these systems to operate safely under pressure, temperature shifts and continuous mechanical load.
Source: www.coalage.com
