Tega Industries to Acquire Molycop: A Transformational Step in Mining Consumables

Tega Industries Limited, a leading designer and manufacturer of consumables for mining, mineral processing, and material handling industries, has proposed to acquire Molycop, a renowned company with a 100-year history in supporting the mineral processing industry. The acquisition will be funded by Apollo Funds, a high-growth global alternate asset manager with $840 billion of assets under management. This strategic move will establish Tega Industries as one of the world's leading entities in the mining, mineral processing, and material handling industries, with an innovative and differentiated product portfolio. The acquisition is expected to deliver a consolidated return on equity of 18% and expand EBITDA margins without adding fixed costs. The primary focus over the next two years will be on seamless integration of businesses, unlocking revenue synergies, and joint R&D and innovation.