Jebsen & Jessen Group Acquires World’s Largest Garnet Company GMA Garnet Group
The acquisition positions GMA for future growth and strengthens Jebsen & Jessen Group's presence in the global market
Singapore, 22 April 2024 - Diversified industrial conglomerate Jebsen & Jessen Group announced today the acquisition of GMA Garnet Group (GMA), the world’s largest and only fully integrated garnet company. This strategic move strengthens Jebsen & Jessen Group's presence in the global market and will support the new phase of development for GMA.
The acquisition marks Jebsen & Jessen Group’s largest investment to date, part of its ‘Advance & Build’ strategy to strengthen its global presence through targeted acquisitions and partnerships. This follows the Group’s recent acquisition of a majority stake in Safetech; and acquisitions of MHE-Demag’s Industrial Products (IPD) Business in February 2023, now known as MHE; and Electro-Mechanical Services (EMS) in Australia in April 2023.
Over four decades, GMA has transformed from its beginnings as a distribution business into the largest and only fully integrated garnet company in the world. A trusted global leader in industrial garnet, the company manages the complete supply chain from the source to processing, international distribution, and recycling; providing the highest quality garnet blasting, waterjet products and specialty minerals to the abrasive blasting, waterjet cutting, and protective coating industries.
Jebsen & Jessen Group, with its distinctive heritage as a trusted provider of quality industrial products and value-added solutions, sees GMA, which is already part of the global Jebsen & Jessen Family Enterprise, as a strategic fit for the Group. The acquisition will see the creation of a new and sixth business unit within the Group, marking its second business unit with a global footprint.
As part of the Jebsen & Jessen Group, GMA will receive the investment, resources, and support for its new phase of development, which will see the expansion of its business scope. This will include capital investments for increased mining and processing capacities, further cementing its position as the undisputed global leader in the industrial garnet industry.
“Jebsen & Jessen Group is thrilled to welcome the GMA Garnet Group to our family. For over 40 years, GMA has established itself as an industry leader, inspiring us with their ability to expand their offerings and achieve global success,” said Heinrich Jessen, Chairman of Jebsen & Jessen Group. “This strategic move opens exciting doors for the Group as we grow beyond our traditional ASEAN base and into new territories of deeper technical expertise and value-added offerings.”
“Becoming part of the Jebsen & Jessen Group is a major milestone for GMA. The acquisition is a strong testament to the work we’ve done over four decades and supports our vision for expansion and innovation. With the support of the Group’s expertise and resources, we look forward to strengthening our operations, ensuring long-term sustainability and efficiency across all our facilities, and realising our vision for growth while delivering exceptional value to our customers,” added Grant Cox, CEO of GMA Garnet Group.
Following the completion of regulatory requirements, the company will become an integral part of Jebsen & Jessen Group. GMA’s brand, company name, and leadership team will remain unchanged, and operations will continue with business as usual.
Back row: Jacqueline Tan (Group Director - Corporate & Legal Affairs, Jebsen & Jessen Group); Viktor Leendertz (CFO, Jebsen & Jessen Group); Fritz Graf von der Schulenburg (Managing Partner, Jebsen & Jessen Hamburg Group); Stephan Kirsch and Patrick Largier (Board members of Garnet International Resources Pty Ltd), Dr Thomas Robert Wetzer (Jebsen Capital), Grant Cox (CEO, GMA Garnet Group) and Olivia Chua (CHRO, Jebsen & Jessen Group).
About Jebsen & Jessen Group
We are an industrial conglomerate with a diverse network of businesses spanning manufacturing, engineering, and distribution activities.
The five core business units - Cable Technology, Ingredients, Life Sciences, Packaging and Technology - are present in 12 countries and deliver through various locations across Australia, Brazil, China, Germany (Europe), India (South Asia), Indonesia, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. The Material Handling business resides in the Technology business unit. Our 13 manufacturing facilities are in Indonesia, Malaysia, Myanmar, Singapore and Vietnam. Our 3,000 colleagues work as one to develop meaningful products and services for the 20,000 customers we serve.
Jebsen & Jessen Group forms part of a global family enterprise that dates back to a trading partnership formed in Hong Kong in 1895. Beyond the region, we are closely connected to a network of sister companies in Australia, Europe and Greater China.
For more information, visit www.jjsea.com.
About GMA Garnet Group
GMA Garnet Group (GMA) is the trusted global leader in industrial garnet, providing the highest quality garnet abrasives to the waterjet cutting and protective coating industries for over 40 years.
GMA is the only global garnet supplier to own the complete supply chain from source and processing to international distribution. GMA owns its mines and processing plants in Australia, USA and the Middle East and has invested significantly to expand its sources of supply and production capacity to incorporate alluvial, crushed, and recycled garnet.
More than 450 GMA employees manage its operations encompassing 11 global offices, three garnet mines and nine processing plants, including five large scale recycling facilities, located across Asia Pacific, the Middle East, and the Americas.
GMA Garnet is supported in Europe by GMA Garnet Europe, a garnet distribution company wholly owned by sister-group Jebsen & Jessen Hamburg.
For more information, visit www.gmagarnet.com.
Anthea Ho