Orica Completes US Explosives Joint Venture Acquisition

MT Newswires Live

06/02

Orica (ASX:ORI) completed the full acquisition of the Nelson Brothers' explosives joint venture business in the US, according to a Monday statement.

The deal expands the firm's manufacturing footprint, downstream distribution capabilities, and access to customers. It also simplifies its business structure in North America.

Its shares fell 1% in recent trading on Tuesday.

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