EXCLUSIVE PRODUCTS DISTRIBUTION AGREEMENT EXTENDED TO 2047
| Stock | Metarock Group Ltd (MYE.ASX) |
|---|---|
| Release Time | 20 Jan 2026, 9:01 a.m. |
| Price Sensitive | Yes |
Mastermyne Extends Exclusive Distribution Agreement to 2047
- 10-year extension of exclusive distribution agreement with Jennmar Holdings
- Agreement covers supply of critical strata consolidation products, including market-leading resins and foams
- Collaboration to continue providing high-quality products and services to Australian underground mining market
Mastermyne Group Limited (ASX Code: MYE) has announced 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 extension follows Jennmar's acquisition last year of Weber Mining, a manufacturer of market-leading resins and foams, which are distributed and utilized by Mastermyne and its wholly-owned subsidiary, Wilson Mining, for ground consolidation, strata stabilization, and roof support purposes across many Australian underground coal mines. Jennmar is a leading global provider of infrastructure products and specialized services to the mining, civil infrastructure, solar, and construction industries. The companies see positive synergies in the arrangement, which underpins a key part of Mastermyne's business. The long-term agreement provides the framework for Weber, Wilson Mining, and Mastermyne to continue delivering high-quality products and services to the Australian underground mining market for generations to come.
The long-term agreement provides the framework for Weber, Wilson Mining, and Mastermyne to continue delivering high-quality products and services to the Australian underground mining market for generations to come.