Flacks Group announced the acquisition of Artemyn, a division previously owned by Imerys SA, a publicly listed company on the Euronext. This acquisition enhances Flacks Group’s portfolio, leveraging Artemyn’s strong performance and global reach. This strategic move marks Flacks Group’s official entry into the mining industry and significantly strengthens its diversified portfolio.
Artemyn, with 1000 employees across 24 plants in the Americas, Asia, and Europe, generated $400 million in revenue and $60 million in EBITDA. Artemyn owns the world’s largest kaolin operation and has unique, high-quality reserves in Brazil.
Flacks Group operates in the mining, renewable energy, water, chemicals, oil and gas, and real estate sectors, owned by Chairman and CEO Michael Flacks, holds over $4 billion worth of assets globally.
Morgan Stanley served as an investment banker on the deal, with Latham & Watkins LLP, Moncey Avocats Law Firm, and Berger Singerman LLP acting as transactional lawyers.
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