Gypsum industry news
Harrison Gypsum acquires JA Jack & Sons 03 March 2015
Canada/US: HIG Capital, a global private equity investment firm, has announced that its portfolio company Harrison Gypsum has acquired JA Jack & Sons, a miner and processor of limestone products. JA Jack owns and operates a quarry on Texada Island in British Columbia, Canada and ships limestone to a processing facility in Seattle, Washington, USA.
"We are excited about the strategic expansion of our operations into the Pacific Northwest," said Paul Harrington, CEO of Harrison Gypsum. "JA Jack not only allows us to grow outside our core markets of Oklahoma and Texas, but also significantly broadens our customer footprint and product portfolio within our expertise of mineral processing. JA Jack has had a long and successful history under the Jack family dating back to the 1940s and we will be sure to serve as great stewards of the business going forward."
Canada: Pan American Fertilizer Corp has signed a non-binding Letter of Intent to acquire Demetra Minerals, a Vancouver-based, privately-held junior fertiliser company developing agricultural gypsum products for the Cono Sur markets of Argentina, Paraguay, Bolivia and Brazil.
In the proposed transaction, a new seven-member board of directors will be composed of three nominees from each of Pan American and Demetra plus a mutually agreed 7th independent director. Gregg Jensen of Demetra would be appointed as president and CEO, Sebastian Cattaneo as COO and Jeremy Wright as CFO. Robert Rennie would remain as the chairman. Pan American and Demetra would consolidate all assets and debts.