Flacks Group closes $400m mining acquisition deal from Imerys

Michael Flacks.

MIAMI–(BUSINESS WIRE)–Flacks Group proudly announces the acquisition Arteminbranch previously owned Imerys S.A. (EPA: NK), a company listed on the Euronext stock exchange. This strategic move marks Flacks Group’s official entry into the mining industry and significantly strengthens its diversified portfolio.

Artemyn, with 1,000 employees at 24 facilities in the Americas, Asia and Europe, generated $400 million in revenues and $60 million in EBITDA. This acquisition strengthens the Flacks Group portfolio, leveraging Artemyn’s strong track record and global reach. Notably, Artemyn owns the world’s largest kaolin operation with unique, high-grade reserves in Brazil.

Flacks Groupowned by Chairman and CEO Michael Flacks, has assets of over $4 billion worldwide. The company operates in the mining, renewable energy, water, chemicals, oil and gas, and real estate sectors.

Among the diverse portfolio of Flacks Group 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 supplier of dewatering and mission-critical equipment to major mining operations worldwide. Known for its high-performance submersible motors and pumps, Pleuger Industries delivers the highest quality engineered solutions in Germany for water applications. Pleuger Industries will work with Artemyn to increase operational efficiency and research and development in mining products.

Morgan Stanley acted as investment banker for the transaction and Latham & Watkins LLP, Moncey Avocats Law Firm and Berger Singerman LLP served as transaction attorneys.