Our mother company Imerys has signed an agreement for the acquisition of a majority stake of the Haznedar group, a Turkish-based high-grade monolithic refractories and refractory bricks manufacturer. The closing of this transaction, which is subject to antitrust approvals, is expected in the fourth quarter of 2020. This business will be consolidated under the High Temperature Solutions / Calderys umbrella.
With this deal, Imerys, World #1 in alumino-silicate monolithic refractories present in 30 countries, will complement its current offer with basic and acidic refractory bricks and extend its industrial footprint with a competitive production base in Turkey.
Read the full press release for more information.