Mastermyne Group Limited (ASX Code: MYE) (“Mastermyne” or “the Company”) is pleased to advise that it has agreed a 10-year extension to its exclusive distribution agreement with Jennmar Holdings, LLC (“Jennmar”) relating to the supply of critical strata consolidation products. The agreement is now operational until 2047.
The development follows Jennmar’s acquisition last year of Weber Mining, a manufacturer of market-leading resins and foams (including Rocsil®, Fenoflex®, Marithan® and Marisil®), which are distributed and utilised by Mastermyne and its wholly owned subsidiary, Wilson Mining, for ground consolidation, strata stabilisation and roof support purposes across many Australian underground coal mines.
Jennmar is a leading global provider of infrastructure products and specialised services to the mining, civil infrastructure, solar and construction industries.
Jeff Whiteman, Mastermyne CEO and Managing Director, commented:
“We are excited by the opportunities that we are seeing in working together collaboratively with Jennmar, building on our longstanding partnership with Weber. The extension of the distribution agreement is tangible evidence of the positive synergies that Mastermyne and Jennmar jointly perceive in the arrangement, which underpins a key part of our business.”
Tony Calandra, Jennmar’s CEO, commented:
“We appreciate the long-term relationship between Weber, Wilson Mining and Mastermyne and are excited for the opportunity to foster and grow the relationship between Jennmar, Weber, Wilson Mining, and Mastermyne going forward. This long-term agreement provides the framework for Weber, Wilson Mining and Mastermyne to continue to provide high quality products and services to the Australian underground mining market for generations to come.”
