SSAB intends to divest its rock bolt business unit in Virsbo to U.S.-based Jennmar
SSAB has entered into an agreement with the intention to divest its expandable rock bolts unit in Virsbo to U.S.-based Jennmar. In total, 66 people are affected by the acquisition and have received an offer to continue their employment with Jennmar. SSAB's unit in Virsbo. Rock bolt manufacturing is not part of SSAB’s core business and Jennmar already has a portfolio of products for mining and infrastructure. Therefore, Jennmar is better positioned to develop the business in Virsbo and achieve higher growth. “I am very pleased that such an established company is interested in