MIAMI - Monday, 08. July 2024 AETOSWire
(BUSINESS
WIRE) -- 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.
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240708178200/en/
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Contacts
Anton Schneerson
Managing Director of Flacks Group
aschneerson@flacksgroup.com
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