Imerys Completed the Acquisition of Luzenac Group
Imerys has completed on 1 Aug. 2011 the acquisition of 100% of the Luzenac Group from Rio Tinto.
With sales of approximately USD395 million in 2010, Luzenac Group is the world leader in talc processing. This acquisition has been paid in cash for an enterprise value of USD 340 million (EUR 232 million), representing a multiple of EBITDA in line with historical multiples paid by Imerys. Luzenac Group is now part of the Performance & Filtration Minerals business (8/2011).