Looking to circle the globe with international co-productions, Blue Ice Pictures has got back on the acquisition trail.

Co-founders Steven Silver and Neil Tabatznik have acquired Daniel Iron’s Foundry Films, a major Canadian film executive producer and producer, to help create global dramas.

Financial terms of the acquisition were not disclosed, but the buyout follows Blue Ice last year picking up Lance Samuels’ Out of Africa Entertainment, formed in 2004, to establish a major foothold in the South African market.

“All the networks in Canada are looking for international financing, so I think we want to be fluid and have the ability to finance out of Canada, out of South Africa, depending on the needs of the project,” Iron said of scaling up Foundry Films by joining the Blue Ice fold.

Iron becomes president of production at Blue Ice, responsible for heading up the Canadian division.

He will oversee domestic film and TV projects, while also helping hammer out international co-productions.

These include Ruba Nadda’s next movie, October Gale, slated for production in fall 2013, in and around Georgian Bay in southern Ontario.

Nadda’s latest film is to star Patricia Clarkson, who starred in the director’s earlier movie Cairo Time, which Iron produced, as he did Nadda’s Inescapable.

Also co-producing Inescapable was Samuel’s Out of Africa Entertainment, which also worked with Iron on The Bang Bang Club, directed by Steven Silver and shot in South Africa.

So Iron and Samuels have worked together before, ahead of solidifying their relationship under the Blue Ice Group banner.

Now Iron will come on board as Blue Ice and Lance Samuels join with U.K. indie producer Left Bank Pictures to turn Nelson Mandela’s life story into a 6-part mini-series.

The project, titled Madiba, based on a script by U.K. screenwriter Nigel Williams, will be shot in South Africa from January 2014.

Samuels added other projects structured as international co-productions and drawing financing from either of Canada, the U.K. and South Africa, or all three territories, are to come from an expanding Blue Ice Group.

He said Blue Ice will either develop and produce Canadian content films and TV series, where possible, or broaden to more international financing and distribution if necessary to get to higher budgets or name casts.

Iron, while a veteran Canadian producer, is also expert at co-productions, having structured recent projects like Inescapable and The Bang Bang Club as Canada-South Africa co-productions, and earlier while working at Rhombus Media.