Maxam
| MaxamCorp Holding, SL
|
|
|---|---|
 |
|
| legal form | SL |
| founding | 1872 |
| Seat |
Madrid , Spain
|
| management | José Fernando Sánchez-Junco Mans |
| Number of employees | 6,530 |
| sales | 1.045 billion euros |
| Branch | Explosives |
| Website | www.maxam.net |
| As of March 31, 2016 | |
Maxam is one of the largest explosives manufacturers in the world, based in Madrid . In Germany, the plants of the former WASAG belong to Maxam.
The company goes back to the Sociedad Española de la Pólvora Dinamita founded by Alfred Nobel , which changed its name to Unión Española de Explosivos (UEE) in 1896 . In 1970, UEE merged with Rio Tinto , creating Unión Explosivos Río Tinto (ERT). ERT is privatized in 1994 and renamed Maxam in 2006 .
The company is 45% owned by Advent International and 55% owned by management.