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Imerys Signs Agreement with Solvay to Acquire its PCC Business for Paints and Coatings

Published on 2015-07-09. Author : SpecialChem

Following binding offer, Imerys has entered into exclusive negotiations with Solvay to acquire its PCC (precipitated calcium carbonates) division comprising 4 plants in Europe (Germany, Austria, France and the United Kingdom). This business serves mainly the automotive (polymers, etc.), building (paints, coatings, sealants) and consumer goods markets (health & beauty, etc.) through specialty applications. It generated €59 million revenue in 2014.

The conclusion of this operation is subject to prior consultation with employee representatives and approval by the relevant regulatory authorities. Its completion should become effective during the second half of 2015.

About Imerys

One of the world leaders in mineral-based specialty solutions for industry, with €3.7 billion revenue and 14,900 employees in 2014, Imerys transforms a unique range of minerals to deliver essential functions (heat resistance, mechanical strength, conductivity, coverage, barrier effect, etc.) that are essential to its customers' products and manufacturing processes.

Whether mineral components, functional additives, process enablers or finished products, Imerys’ solutions contribute to the quality of a great number of applications in consumer goods, industrial equipment or construction. Combining expertise, creativity and attentiveness to customers’ needs, the Group’s international teams constantly identify new applications and develop high value-added solutions under a determined approach to responsible development. These strengths enable Imerys to develop through a sound, profitable business model.

Source: Imerys
 


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