Market floatation sees Mincon raise €50m

The Irish Stock Exchange has today welcomed Mincon Group to the exchange’s Enterprise Securities Market.

Mincon specialises in the design, manufacture, sales and servicing of rock drilling consumable tools and related products.

Headquartered in Shannon, Mincon has manufacturing facilities in Ireland, the USA and Australia. It also maintains an established network of sales and distribution companies in a number of international markets to provide after sales support and service to customers.

Mincon raised €50m as part of its flotation and joins the ESM with a market capitalisation of €180m.