Tega Industries Ltd. has completed its acquisition of Molycop, expanding its ‘critical to operate’ consumables offering with an innovative portfolio.
Key Facts
- Molycop has been acquired by Tega Industries Ltd. to form a global leader in mining consumables and technology.
- The combined business is positioned to invest, innovate and deliver greater value to customers worldwide.
- The acquisition marks a milestone in Tega’s 50th anniversary year.
The acquisition coincides with Tega’s 50th anniversary year and positions the combined business as a leading supplier to the mining, mineral processing and materials handling industries. Together, the businesses bring a broader portfolio and stronger global reach to their customers, strengthening the combined business as a global provider of critical mining consumables, technology and process optimisation solutions.
Delivering greater value to customers worldwide
Mehul Mohanka, Managing Director and Group CEO of Tega Industries, said: “Today we recognize the beginning of an exciting new chapter for Tega. Completing this acquisition in our 50th anniversary year is both symbolic and strategic. Molycop’s scale, technology offering and deep customer relationships complement Tega’s culture of innovation and product portfolio breadth.”In partnership with Apollo Funds, we are committed to accelerating growth, enhancing our market offer, and delivering even greater value to our customers worldwide.
A broader mill optimisation solution
With the acquisition now complete, the two companies will offer customers enhanced solutions, supported by an expanded global footprintTega’s established presence across Europe, the Middle East, the CIS, Latin America and Africa will be strengthened by Molycop’s operations in the US, Canada, Latin America and Australia. With Molycop’s 13 manufacturing facilities and three joint ventures, the combined business will have 26 manufacturing sites globally, helping it stay closer to customers around the world.
Jim Anderson, CEO of Molycop, said: “Closing this transaction represents a pivotal milestone for Molycop. Partnering with Tega and Apollo Funds positions the company for its next phase of value creation.
The strategic rationale is compelling. Our aligned values and complementary capabilities create a stronger, more integrated platform. Together, we are well positioned to accelerate execution, deepen innovation and deliver superior outcomes for customers globally.
With the transaction now closed, Tega Industries Ltd. is the controlling shareholder of Molycop, with Apollo Funds owning a significant minority interest. This acquisition only reinforces the ambition and commitment of Tega Industries to driver long-term growth and create value for all stakeholders.
Tega designs and manufactures ‘critical-to-operate’ consumables for the mining, mineral processing and material handling industries with an innovative and differentiated product portfolio. Established in 1976 and headquartered in Kolkata, the company has a presence in over 92 countries. Tega partners with some of the world’s leading mining and minerals companies, delivering tailored solutions that address complex challenges and support long-term business growth.
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade credit to private equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialise in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees and the communities we impact, to expand opportunity and achieve positive outcomes. As of March 31, 2026, Apollo had approximately $1.03 trillion of assets under management. To learn more, please visit www.apollo.com.
Molycop is a supplier of grinding media to the mining industry, with a focus on the manufacture and sale of grinding media and chemicals for use in both semi-autogenous grinding (SAG) mills and ball mills. These products are critical to mineral extraction and processing of multiple minerals – particularly, copper and gold. The company's client network covers 400+ mines in 40 countries. With a history spanning over 100 years, Molycop is recognised for its innovation, scale and reliability in supporting the mineral processing industry.
