Imerys completed the acquisition of a 60% stake in Haznedar.

Imerys, a alumino-silicate monolithic refractories proider, completed the acquisition of a 60% stake in Haznedar Group, a Turkish-based, high-grade refractory monolithics and bricks manufacturer. Financial terms were not disclosed. With this deal, Imerys complements its current products offer and extends its industrial footprint with a competitive production base in Turkey, strategically located between Europe, Middle-East and Africa. The Group strengthens its position within the attractive and growing Turkish market, where Haznedar has leadership positions, a strong brand name and superior products to serve the domestic market.