Fire Assay Provider Jacobs Assay 1880 Announces Acquisition
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TUCSON, Ariz.--(Business Wire)-- Jacobs Assay 1880 (Jacobs), a newly formed company affiliated with METCON Research (METCON) and KD Engineering (KDE) through common ownership, announced today it has acquired privately owned Jacobs Assay Office. Based in Tucson, Arizona, Jacobs Assay Office is a provider of fire assay services for the mineral processing industry. Jacobs Assay Office will operate as a wholly owned subsidiary and under the brand name of Jacobs Assay 1880. The transaction became effective March 1, 2009, and terms of the transaction were not disclosed. "This acquisition was a natural extension of our strategic growth plan to offer complete analytical services to our client base with the addition of fire assay capability," said Eamon Malone, President and CEO of Jacobs, METCON, and KDE. "The strong synergies and complementary service offerings across the various business units will position us for long-term success. I`m also very pleased that Mike Jacobs, President and CEO of Jacobs Assay Office, has agreed to continue a leadership role with Jacobs. Mike`s highly regarded reputation as a quality provider of fire assay services and deep and longstanding relationships in the mineral processing industry will be an extremely valuable addition to the METCON, KDE and Jacobs group." "I`m honored to be so closely aligned with the METCON and KDE team," said Mike Jacobs. "The additional infrastructure and resource support from an operational, analytical, and technical perspective will ensure greater value and project success for our clients throughout the world." About METCON Research, KD Engineering and Jacobs Assay 1880: Jacobs Assay 1880, METCON Research and KD Engineering (collectively the Group) provide analytical, metallurgical and process engineering services to the global minerals and mining industry. The Group is headquartered in Tucson, Arizona, with project locations throughout the world including the U.S.A., Canada, Mexico, China, Panama, Venezuela, Romania, and Peru. The Group`s primary focus is base and precious metals for the development of mineral processing facilities including crushing, grinding, flotation and heap leach circuits. Services include sample preparation, atomic absorption and ICP analysis, column testing, fire assay, beneficiation studies, process flow sheet design, feasibility studies, detail design and engineering, procurement, and construction management. For more information on METCON, please visit www.metconresearch.com. For more information on KDE, please visit www.kdengco.com. About Jacobs Assay Office: Jacobs Assay Office was founded in 1880 and was operated by the Jacobs Family for five generations. Jacobs Assay Office is a provider of sample preparation and fire assay services. The primary focus is gold, silver, platinum, and palladium for mineral processing projects in the exploration phase of development. Approximately 50% of the projects are located in the U.S.A., with the remaining 50% located in Mexico, Central and South America. For Jacobs Assay 1880, METCON Research, and KD Engineering Chris Malone, 520-579-8315 VP of Operations Copyright Business Wire 2009
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