Elliot Lake mining supplier Timberock International has been acquired by Komatsu Mining Corp.
In a June 17 news release, Komatsu said adding Timberock to the fold supports its growth into the hard rock drilling and bolting areas of the industry.
Timberock is an original equipment manufacturer and distributor specializing in underground drilling and bolting systems.
“Timberock’s history of customer driven product innovation and focus on service makes them a great complement to our existing business,” said Josh Wagner, Komatsu’s vice-president of hard rock solutions.
“This acquisition expands our range of offerings for drilling and bolting products, and provides exciting product development and synergy opportunities.”
The value of the transaction was not disclosed by Komatsu.
Timberock was established in 1986 by the Nelson brothers, Yves and Frank.
At the time, the company almost exclusively to the local uranium mining companies, Denison Mines and Rio Algom. When the mines closed between the early and mid-1990s, Timberock lost 80 per cent of its business but began selling to the mining companies in Sudbury, 160 kilometres to the east, and across North America.
Milwaukee-headquartered Komastu Mining is part of the part of the global Komatsu group of companies in mining, forestry, industrial and the construction sectors.
Komatsu Mining’s catalogue includes hydraulic jumbo drills, production drills, drifters, loaders, trucks, raiseboring tools and blasthole drilling tools.
