Flacks Group Closes on $400 Million Mining Acquisition from Imerys
2024年7月8日 - 4:00PM
ビジネスワイヤ(英語)
Flacks Group is proud to announce the acquisition of Artemyn, a
division previously owned by Imerys SA (EPA: NK), a publicly listed
company on the Euronext. This strategic move marks Flacks Group’s
official entry into the mining industry and significantly
strengthens its diversified portfolio.
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Michael Flacks. (Photo: Business
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Artemyn, with 1000 employees across 24 plants in the Americas,
Asia, and Europe, generated $400 million in revenue and $60 million
in EBITDA. This acquisition enhances Flacks Group’s portfolio,
leveraging the strong performance and global reach of Artemyn.
Notably, Artemyn owns the world's largest kaolin operation with
unique high-quality reserves in Brazil.
Flacks Group, owned by Chairman and CEO Michael Flacks, holds
over $4 billion worth of assets globally. The company operates in
the mining, renewable energy, water, chemicals, oil and gas, and
real estate sectors.
Among Flacks Group’s diversified portfolio is Pleuger
Industries, a renowned supplier of rotating equipment with over a
century of experience and facilities in Germany, France, and the
USA. Pleuger Industries is a key provider of dewatering and
mission-critical equipment to major mining operations worldwide.
Known for their high-efficiency submersible motors and pumps,
Pleuger Industries delivers premium German-engineered solutions for
water applications. Pleuger Industries will collaborate with
Artemyn to enhance operational efficiencies and drive R&D in
mining products.
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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Anton Schneerson Managing Director of Flacks Group
aschneerson@flacksgroup.com