Flacks Group Acquires Artemyn, Enters Mining Industry

Flacks Group has announced the acquisition of Artemyn, a business unit formerly owned by Euronext-listed Imerys SA. This acquisition marks Flacks Group's formal entry into the mining sector, significantly enhancing its diversified portfolio.

Artemyn, which employs 1,000 people across 24 plants in the Americas, Asia, and Europe, generates $400 million in revenue and $60 million in EBITDA. The acquisition leverages Artemyn's strong performance and global presence. Notably, Artemyn operates the world's largest kaolin operation, with a high-quality mineral reserve in Brazil.

Flacks Group, led by Chairman and CEO Michael Flacks, boasts over $4 billion in global assets and operates in various sectors including mining, renewable energy, water, chemicals, oil and gas, and real estate.

The diversified portfolio of Flacks Group includes Pleuger Industries, a supplier of rotating equipment with facilities in Germany, France, and the U.S. Pleuger Industries is known for its efficient submersible motors and pumps, providing critical equipment to major mining operations worldwide. Pleuger Industries will collaborate with Artemyn to enhance operational efficiencies and advance mining product development.