PARIS, May 7, 2015 (Press Release) -Following its 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.