# Tega Industries and Apollo Funds to acquire Molycop for $1.5B

Tega Industries, in consortium with Apollo Funds, entered into a term sheet to acquire Molycop, a global supplier of grinding media for mining, from American Industrial Partners at an enterprise value of approximately $1.5 billion.

- Type: Acquisition
- Announced: 2025-09-11
- Where: Omaha, Nebraska, United States
- Value: $1.50B
- Status: announced
- Products: grinding media for mining
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md), [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [Apollo Global Management](https://endata.com/companies/3851.md) (acquirer)
- [Apollo Global Management](https://endata.com/companies/3851.md) (investor)
- [Apollo Global Management](https://endata.com/companies/3851.md) (partner)
- [American Industrial Partners](https://endata.com/companies/7612.md) (partner)
- [Apollo Funds](https://endata.com/companies/12793.md) (investor)
- [Tega Industries](https://endata.com/companies/65906.md) (acquirer)
- [Molycop](https://endata.com/companies/66415.md) (target)

## Sources

- [business-standard.com](https://www.business-standard.com/markets/capital-market-news/tega-and-apollo-funds-consortium-to-acquire-molycop-125091100300_1.html), 2025-09-11: "This strategic, complementary acquisition will establish Tega Industries as one of the world's leading designers and manufacturers of critical-to-operate consumables"
- [economictimes.indiatimes.com](https://economictimes.indiatimes.com/industry/indl-goods/svs/engineering/tega-industries-and-apollo-funds-to-buy-molycop-for-1-5-bn/articleshow/123826038.cms), 2025-09-11: "Tega Industries has agreed to acquire control of Omaha-based mining equipment maker Molycop at an enterprise valuation of $1.5 billion."
- [mnacritique.mergersindia.com](https://mnacritique.mergersindia.com/news/tega-industries-and-apollo-funds-to-buy-molycop-for-1-5-bn/), 2025-09-12: "Tega Industries has agreed to acquire control of Omaha-based mining equipment maker Molycop at an enterprise valuation of $1.5 billion."
- [thehindubusinessline.com](https://www.thehindubusinessline.com/companies/molycop-acquisition-tegas-board-approves-raising-upto-4000-crore-in-combination-of-equity-and-debt/article70046418.ece), 2025-09-13: "The board of Tega Industries, which is planning to acquire US-based Molycop for an enterprise value of around $1.48 billion, on Saturday approved raising of funds upto ₹4,000 crore in a combination of equity and debt."
- [themachinemaker.com](https://themachinemaker.com/news/tega-industries-to-acquire-molycop-for-1-5-billion-in-partnership-with-apollo-funds/), 2025-09-18: "This acquisition marks a significant milestone for Tega, especially in our 50th anniversary year."
- [akm.ru](https://www.akm.ru/eng/news/indian-tega-industries-acquires-a-stake-in-american-molycop-for-1-5-billion/), 2025-10-13: "Tega Industries Ltd. has entered into an agreement to acquire a stake in American Molycop, controlled by American Industrial Partners, for $1.5 billion."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.