Tega Industries completes Molycop acquisition

Tega Industries Ltd. | Engineering - Industrial Equipments | Capital Goods & Industrial Consumables | BSE: 543413 | NSE: TEGA

02 Jun 2026 Evaluate

Tega Industries has completed the acquisition of Molycop, a leading global supplier in grinding media for the mining industry, from an affiliate of American Industrial Partners (AIP) at an enterprise value of around $1.5 billion. The company has completed the acquisition in consortium with funds managed by affiliates of Apollo (the Apollo Funds). The acquisition positions the combined business as one of the world’s leading designers and manufacturers of ‘critical-to-operate’ consumables for certain production steps in the mining, minerals processing and material handling industries with an innovative and differentiated product portfolio.

With closure of transaction, the company is the controlling shareholder of Molycop, with the Apollo Funds owning a significant minority equity interest. The company’s priority in the first 8 quarters will be operational and business integration. With complementary product baskets across the milling value chain between the two companies, the company will be able to offer a comprehensive mill optimisation solution, to serve a larger share of its customer needs. The company's established presence in Europe, Middle East, Commonwealth of Independent States, Latin America and Africa will be bolstered by Molycop's activities in the US, Canada, Latin America and Australia. Molycop will benefit from the company’s expertise and presence in growth areas of EMEA, and the addition of Molycop's 13 manufacturing facilities along with 3 active joint ventures and 1 potential joint venture will bring the company closer to its customers with a combined presence in 26 global manufacturing sites.

Tega Industries (Tega) is a global leader in designing and manufacturing ‘critical-to-operate’ consumables for the mining, mineral processing, and material handling industries.

Tega Industries Share Price

1871.95 49.75 (2.73%)

04-Jun-2026 16:59 View Price Chart

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