Acquisitions10 Sept 2025, 05:52 pm
Tega Industries to Acquire Molycop in Consortium with Apollo Funds for USD 1.5 Billion
AI Summary
Tega Industries, in consortium with Apollo Funds, has entered into a term sheet to acquire Molycop, a leading global supplier in grinding media for the mining industry, from American Industrial Partners. This strategic acquisition will establish Tega Industries as one of the world’s leading designers and manufacturers of ‘critical-to-operate’ consumables for certain production steps in the mining, mineral processing and material handling industries. The combined entity delivered USD 1.73 billion in revenue and USD 217 million in EBITDA (as per latest available annual audited financial statements).
Key Highlights
- Tega Industries and Apollo Funds to acquire Molycop for approximately USD 1.5 billion.
- Acquisition will establish Tega Industries as a leading designer and manufacturer in the mining, mineral processing and material handling industries.
- Combined entity delivered USD 1.73 billion in revenue and USD 217 million in EBITDA.
- Tega Industries will be the controlling shareholder, with the Apollo Funds owning a significant minority equity interest.
- Acquisition will strengthen Tega's global presence and offer a comprehensive mill optimisation solution.