Flacks Group announced the acquisition of Artemyn, a division formerly owned by Imerys SA (EPA: NK), a publicly-traded company listed on Euronext. This strategic move marks Flacks Group’s official entry into the mining sector and significantly strengthens its diverse portfolio.
Artemyn, with 1,000 employees across 24 sites in the Americas, Asia and Europe, generated $400 million in revenue and $60 million in EBITDA. This acquisition enhances Flacks Group’s portfolio, leveraging Artemyn’s strong performance and global reach. Notably, Artemyn owns the world’s largest kaolin operation, with exclusive high-quality reserves in Brazil.
Flacks Group, owned by Chairman and CEO Michael Flacks, has over $4 billion in assets globally. The company operates in the mining, renewable energy, water, chemicals, oil and gas, and real estate sectors.
Flacks Group’s diverse portfolio includes Pleuger Industries , a renowned supplier of rotational equipment with over a century of experience and facilities in Germany, France and the United States. Pleuger Industries is a leading supplier of desiccation and mission-critical equipment to major mining operations worldwide. Known for its high-efficiency submersible pumps and motors, Pleuger Industries provides premium, German-engineered solutions for water applications. Pleuger Industries will collaborate with Artemyn to improve operational efficiencies and drive R&D in mining products.
Morgan Stanley served as investment banker on the deal, and Latham & Watkins LLP, Moncey Avocats Law Firm and Berger Singerman LLP served as transactional counsel.
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