July 2nd, 2023
June 2, 2023 – North Bay, ON, On June 1, 2023, Sandvik Mining and Rock Solutions’ Ground Support Division announced the acquisition of Norgalv, a state-of-the-art galvanizing plant based in North Bay, Ontario to strengthen the overall supply offered by DSI Underground within the North American Market.
Owned by private individuals and a Canadian private equity fund, Norgalv, established in 2019, operates from a 3000 sq.m. site, supplying mining, telecommunication, construction, and OEM customers. Norgalv, which has 35 employees, has the capacity to galvanize 30,000 tonnes of steel per annum, and is an existing supplier to DSI Underground in Canada, which represents approximately 50% of its business. DSI Underground is Sandvik Mining and Rock Solutions’ Ground Support Division.
“This acquisition will allow stronger alignment of our core processes within DSI Underground whilst still allowing Norgalv to focus on providing galvanising services to the general market “, said Paul Stephenson, Regional CEO of DSI Underground North America. “The proximity of the Norgalv plant to Ground Support Division’s facility in Sturgeon Falls is also beneficial from a sustainability and cost of transport perspective, and the plant is already recognized as one of the most environmentally/regulatory compliant galvanizing plants in North America. “
In hard rock mining applications, Ground Support products must be galvanized as they are placed into environmentally challenging, corrosive conditions where the Ground Support products need to have a barrier system. Galvanizing is a highly cost-effective process that creates a long-lasting protective coating and ensures product longevity.
“The acquisition of Norgalv represents an excellent opportunity to control crucial aspects of the Ground Support supply chain “, said Stephenson. “It builds on a similar success story in Australia (2018), where two galvanizing plants were acquired by DSI Underground in order to bring capability in-house, secure supply and deliver increased value to our customers. “
Norgalv will continue to operate independently supplying both DSI Underground and its traditional customer base for galvanising services. It will structurally come under the Ground Support Division, DSI Underground North American operations. This acquisition further strengthens and underpins Sandvik/DSI Underground’s presence and commitment as a local manufacturer and producer of Ground Support products.
“Norgalv is extremely excited to be joining a global leading supplier of equipment and tools, parts, service, digital solutions and sustainability-driving technologies for the mining and construction industries like Sandvik Mining and Rock Solutions “, stated Andre van Soelen, General Manager, Norgalv Limited. “The acquisition will enable Norgalv to maximize the use of our operational capacity, showcase our knowledge and expertise, and see continued growth for the company here in North Bay.”
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Media contact:
Andre van Soelen
General Manager
Norgalv Limited
A SANDVIK COMPANY
35 Roundel Road, North Bay, ON, Canada
+1 705 477 1749
andrevs@norgalv.ca
www.norgalv.ca
Angel Riess
Marketing and Communications Coordinator
DSI Underground Canada
A SANDVIK COMPANY
73 Elm St, Sudbury, ON, Canada
+1 705 665 8990
angel.riess@dsiunderground.com
www.dsiunderground,ca
