The ASX-listed explosives company Orica will buy a controlling stake in the Peruvian-based explosives manufacturer Exsa to acquire the company's factories, customers, and boost access to copper and gold miners as it scales down its exposure to thermal coal.
Orica chief executive Alberto Calderon said a key part of the $302 million deal would be access to Exsa's new factory, which produces and builds almost every component of a detonator on site. This would bring key parts of Orica's supply chain for the Americas in-house.
