Imerys Acquires DAM
November 7, 2005
Following negotiations with the Nord Est Group, Imerys has announced the acquisition of its subsidiary Denain-Anzin Minéraux (DAM). DAM produces kaolins, feldspars, micas and quartz from industrial facilities located mostly in France, as well as in Spain, Italy, Portugal and Germany. Active in the European markets of minerals for ceramics, floor and wall tile, sanitaryware, tableware and fiberglass, as well as rubber and paint, DAM achieved sales of approximately 85 million euro in 2004. According to Imerys, this acquisition is consistent with its growth strategy in industrial minerals.