Dyno Nobel Inc. has exploded on the scene and has landed in North America and Australia. Formerly based in Norway, Dyno Nobel was founded in 1865 by an associate of Swedish dynamite inventor and prize giver Alfred Nobel. The company makes explosives in Australia, Canada, the U.S., Indonesia, Mexico, South America, and Papua New Guinea. It sells to mining, construction, and industrial quarry companies, among other industries. Once split into four geographic segments (Asia Pacific, Europe and Africa, Latin America, and North America), Dyno Nobel was restructured in 2005. Three years later, Australian agrochemical maker Incitec Pivot bought Dyno Nobel for about $3 billion.
Based in Salt Lake City, Utah, Dyno Nobel has 34 manufacturing facilities in seven countries. Nobel emphasizes its safety performance as a provider of innovative explosive products and services. Dyno Nobel has plans to re-enter selected international markets in the next few years.
Founder Alfred Nobel changed the world with his invention of dynamite and the detonator in the mid-1800's and changed it again when he founded the world famous Nobel Prizes. Dyno Nobel traces its roots back to William Bickford's invention of Safety Fuse in 1831 and Alfred Nobel's legacy of safety and innovation.
Private equity firm Industri Kapital, which had owned Dyno Nobel prior to a 2003 restructuring, sold it to Australia-based Orica and Macquarie Bank in 2005. The Macquarie consortium retained the Australian and North American businesses and Orica the other assets. The newly organized company, which retained the Dyno Nobel name, continues to be the second-largest explosives company behind Orica. Orica paid $685 million for Dyno Nobel's operations in Europe, Africa, the Middle East, Asia, and Latin America.
The current company -- composed of the former Dyno Nobel's Australian, US, and Canadian operations -- began trading on the Australian Stock Exchange in 2006. Two years later, Incitec Pivot -- itself spun off from Orica in 2006 -- bought Dyno Nobel. – less