# Orica acquires Exsa explosives factory in Peru

Orica announced the acquisition of Exsa's explosives factory in Lurin, Peru, with plans to increase capacity utilization from 15-30% to 80%. The deal includes $600 million capital raising and expected annual synergies of $18 million.

- Type: Acquisition
- Announced: 2020-02-19
- Where: Lurin, Peru
- Status: announced
- Capacity: 11 million caps per year (current); 55-70 million caps per year (planned)
- Products: explosives, detonating caps
- Sectors: [Mining Equipment](https://endata.com/sectors/mining-equipment.md)

## Companies

- [Orica Limited](https://endata.com/companies/28933.md) (acquirer)
- [Exsa](https://endata.com/companies/45380.md) (target)

## Sources

- [scceu.org](https://scceu.org/how-orica-snared-a-ferrari-of-a-factory/), 2020-02-19: "They had a Ferrari … but they were running it like a small Ford."

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