In February 2012, Advent International completed its acquisition of MAXAM.
MAXAM is the European leader and one of three global leaders in the civil explosives and initiation systems industry. The business is also active in the development, manufacturing and sale of mining services for mines, quarries and infrastructure around the globe; cartridges and gunpowder for sports ammunition; and products and services for the defence industry, in particular safe decommissioning of military explosives.
The group comprises of over 140 companies and has over 6,000 employees worldwide, with industrial facilities in more than 40 countries and sales in over 100 countries.
Advent’s value creation plan will focus on partnering with the management team to support their strategy in pursuing national and international growth by expanding and strengthening its footprint in key markets through both organic growth and selective acquisitions. MAXAM’s leading position will allow the company to successfully address the challenges that may arise in the coming years and to continue investing in product innovation and improvements to customer service.
The investment in MAXAM follows Advent’s longstanding strategy of investing in sub-sectors where we have deep investment experience. We will draw on our resources and the experience of our international team to accelerate growth and value creation for MAXAM.