Imerys snaps up S&B for €558m
Published: Thursday, 06 November 2014
The French industrial minerals producer’s ambition to expand its presence in the bentonite market has been clear since it engaged in an ultimately unsuccessful bidding war for US-based AMCOL earlier this year. By acquiring S&B, Imerys has secured a foothold in bentonite and the lucrative drilling muds industry.
World leading French industrial minerals
Imerys SA has bought Greece-based bentonite producer,
S&B, for a maximum purchase price of €558m ($697.5m*),
it revealed late yesterday.
Imerys said the deal represented a "strategic combination
for the integration of the main activities of S&B," which
will allow it to "accelerate...