S&B returns to Q3 profitability following Imerys purchase
By James Sean Dickson
Published: Monday, 17 November 2014
Despite European markets undergoing their strongest bout of uncertainty since the Eurozone crisis, S&B has returned to profit for Q3 in 2014, in a set of results that will be pleasing to Imerys, which recently announced its acquisition of the bentonite-producing industrial minerals supplier.
Greece-based bentonite producer, S&B,
has recorded a net profit of €8.99m ($11.24m*) for Q3
2014, a significant year-on-year rise in fortunes from the
quarterly loss of the previous year, which totalled
€4.32m.
Also producing perlite, bauxite, zeolite and wollastonite,
S&B was recently purchased by Paris, France-based
Imerys...