Imerys has finalized the sale of Artemyn, which includes its assets dedicated to the paper market, for a net equity value of close to 150 million euros. Artemyn is now owned by a subsidiary of the American investment group Flacks.
The paper business of the French group specializing in mineral solutions for industry produces kaolin, ground calcium carbonate (GCC), precipitated calcium carbonate (PCC) and talc, which are used as fillers and coating agents for paper and cardboard.
It employs around 900 people at 24 plants in America and Asia, as well as at several sites in Europe, and generated sales of around 370 million euros in 2023 (out of the Group's total sales of 3.8 billion euros).
Flacks Group, headed by Michael Flacks, holds over $4 billion in assets worldwide, operating in the mining, renewable energies, water, chemicals, oil & gas and real estate sectors.
With this divestment decided in 2021, Euronext-listed Imerys is pursuing its repositioning in long-term growth markets, particularly in energy transition, sustainable construction and natural solutions for consumer goods.
