Mining and construction drilling specialist Epiroc, which was formerly branded as Atlas Copco, has acquired a South African underground rock reinforcement product manufacturer.
Epiroc has said that the takeover of Innovative Mining Products (IMP), which is also known as New Concept Mining, will strengthen its position in the hard rock bolting market
IMP manufactures a comprehensive range of underground mining roof support products, rock monitoring systems and related accessories with factories in Peru, Zambia and Canada.
Financial details of the deal have not been disclosed and the buy out is expected to be completed in early 2019. The business will become part of Epiroc’s Rock Drilling Tools division, and will continue to be based in Johannesburg.