# Imerys to acquire Kerneos for €880 million

Imerys confirmed the contemplated acquisition of Kerneos from Astorg for an estimated total enterprise value of about €880 million. Kerneos develops calcium aluminate-based performance binders.

- Type: Acquisition
- Announced: 2016-12-11
- Where: France
- Value: $935.0M (880.0M EUR)
- Status: announced
- Products: calcium aluminate binders, refractory materials
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Astorg](https://endata.com/companies/3555.md) (investor)
- [Imerys](https://endata.com/companies/12404.md) (acquirer)
- [Kerneos](https://endata.com/companies/20627.md) (target)

## Sources

- [sycomore-cf.com](https://www.sycomore-cf.com/en/actualites/sycomore-corporate-finance-advises-kerneos-management-disposal-company-imerys/), 2016-12-11: "Imerys confirmed the contemplated acquisition of Kerneos from Astorg for an estimated total enterprise value of ca. €880 million."
- [news.europawire.eu](https://news.europawire.eu/imerys-to-acquire-kerneos-765432165789/eu-press-release/2016/12/19/15/40/12/49373/), 2016-12-19: "Imerys takes a further step in its development strategy with today’s announcement of the contemplated acquisition of Kerneos"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.