Platinum Equity completed the acquisition of the High Temperature Solutions business of Imerys for $944m.

Platinum Equity, a private equity firm, completed the acquisition of the High Temperature Solutions business of Imerys, an industrial company, for $944m. "We have great respect for the Imerys team, which has been an excellent steward of the HTS business for many years. We appreciate their confidence in our ability to deliver a transaction that is opportune for everyone involved. Platinum's carveout expertise and ability to manage through complex situations once again differentiated us. We are excited to add HTS to our growing pan-European portfolio and to support its new chapter of growth," Louis Samson, Platinum Equity Partner.