Maxam Explosives is one of the largest
explosives
An explosive (or explosive material) is a reactive substance that contains a great amount of potential energy that can produce an explosion if released suddenly, usually accompanied by the production of light, heat, sound, and pressure. An exp ...
manufacturers in the world, with its headquarters in Madrid.
In Germany, the plants of the former WASAG belongs to Maxam.
The company traces its roots back to the Sociedad Española de la Pólvora Dinamita, founded by
Alfred Nobel
Alfred Bernhard Nobel ( ; ; 21 October 1833 – 10 December 1896) was a Swedish chemist, inventor, engineer, and businessman. He is known for inventing dynamite, as well as having bequeathed his fortune to establish the Nobel Prizes. He also m ...
, which changed its name to Unión Española de Explosivos (UEE) in 1896. In 1970, UEE merged with Río Tinto, creating
Unión Explosivos Río Tinto (ERT). ERT is privatised in 1994 and renames itself Maxam in 2006.
In 2018
Advent International
Advent International Corporation is an American global private equity firm. It is focused on buyouts of companies in Western and Central Europe, North America, Latin America and Asia. The firm focuses on international buyouts, growth and strat ...
sells his 45% to
Rhône Capital, the rest, 55%, is still by management.
References
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Explosives manufacturers