Imerys: sale of paper assets finalised
(CercleFinance.com) - Imerys announces that it has completed the sale of its assets dedicated to the paper market, for a net equity value of close to E150m.
Payment is staggered over time, depending on the future performance of the assets sold.
These activities, sold to a subsidiary of the Flacks Group, employ around 900 people at 24 plants in America and Asia, as well as at certain sites in Europe. They generated around E370m in sales in 2023.
With this divestment, Imerys can focus more on specialty mineral solutions, particularly in the markets of energy transition, sustainable construction and natural solutions for consumer goods.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
Payment is staggered over time, depending on the future performance of the assets sold.
These activities, sold to a subsidiary of the Flacks Group, employ around 900 people at 24 plants in America and Asia, as well as at certain sites in Europe. They generated around E370m in sales in 2023.
With this divestment, Imerys can focus more on specialty mineral solutions, particularly in the markets of energy transition, sustainable construction and natural solutions for consumer goods.
Copyright (c) 2024 CercleFinance.com. All rights reserved.