Imerys acquires majority stake in Haznedar Group

French company Imerys signed an agreement to acquire a 60% majority stake in Turkish refractories manufacturer Haznedar Group, with options to purchase the remainder. The business generated $64 million in revenue in 2019.

“Imerys has signed an agreement for the acquisition of a majority stake of 60%, with options to purchase the remainder, of the Haznedar group.”aa.com.tr

• 3 sources
• aa.com.trFrance's Imerys buys majority stake in Turkish firmAysu BicerAug 11, 2020
• globalcement.comImerys to buy majority stake in HaznedarGlobal Cement staffAug 12, 2020
• globalcement.comCement industry news from Global CementGlobal Cement staffAug 12, 2020

Summarized from public sources; check the original articles before acting on it.