Industry News

Imerys closes the Acquisition of Denain-Anzin Minéraux

Published on 2005-10-31. Author : SpecialChem

Imerys' acquisition of a 99.97 % stake in Denain-Anzin Minéraux (DAM) from Nord Est was completed on October 28, 2005 for a purchase price of €55.7 million. DAM will be consolidated in Imerys' financial statements as of this date.

DAM produces kaolins, feldspars, micas and quartz from industrial facilities located mostly in France, as well as in Spain, Italy, Portugal and Germany. Active on the European markets of minerals for ceramics (floor tiles, sanitaryware, tableware porcelain), fiberglass (kaolin) and paint (mica), DAM achieved sales of approximately €85 million in 2004.

The world leader in adding value to minerals, Imerys is active in 42 countries through over 250 industrial and commercial sites. The Group achieved €2.9 billion in sales in 2004. Imerys mines and processes minerals from reserves with rare qualities in order to develop solutions that improve its customers’ product performance and manufacturing efficiency. The Group's products have a great many applications in everyday life, including construction, personal care, paper, paint, plastic, ceramics, telecommunications and beverage filtration.

Source: Imerys

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