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New Deal


Announced

Completed

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

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For60%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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refractories

Single Bidder

Acquisition

Turkey

Completed

Cross Border

Specialty Chemicals

Friendly

Private

Majority

Synopsis

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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.

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