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Calderys acquires Termorak, Feb 14, 2014


Calderys, a world leader in Refractory Solutions and a subsidiary of Imerys (NYSE-Euronext Paris - NK-FP), announces that it acquired Termorak Group, a company specialized in Refractory Services (including lining design, refractory material sourcing, as well as installation work and inspections). With €17.2 million revenue in 2012, Termorak is based in Finland, Sweden and Thailand.

Through the acquisition of Termorak, Calderys expands its position in the Petrochemical and Pulp & Paper Industries, as well as in the Power business in Finland, Russia, the Baltic countries and in the South-East Asia.

Mr. Markus Larkimo, Managing Director of Calderys Finland OY states: “Calderys has been present in the Finnish market for over 80 years of service to the iron and steel, ferrous foundry, and boiler industries. Termorak’s world-class people, expertise and services fit perfectly in our portfolio and will enable us to offer a wider range of refractory solutions to all our customers.”

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