Orica may bid for German mining supplier

17 May 2007 14:15  [Source: ICIS news]

TORONTO (ICIS news)--Australia’s explosives and chemicals maker Orica said on Thursday it may buy Dywidag-Systems, a Germany-based supplier to the mining industry.

 

Dywidag was being sold by Swedish investment firm Industri Kapital and Orica was evaluating a bid, it said in a filing with the Australian Stock Exchange.

 

The company was responding to media reports saying it had teamed up with Macquarie Bank to buy Dywidag and split it up.

 

In 2005, Macquarie bought explosives company Dyno Nobel from Industri and then sold part of it to Orica.

 

Orica added it was looking at additional acquisition opportunities.

 

The company last month rejected a takeover bid by private equity firms.

 

Some analysts have been speculating that private equity may soon make another attempt to take over Orica.

By: Stefan Baumgarten
+1 713 525 2653

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