# 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.

- Type: Acquisition
- Announced: 2020-08-11
- Where: Türkiye
- Status: announced
- Products: monolithic refractories, refractory bricks
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md), [Construction Materials](https://endata.com/sectors/construction-materials.md)

## Companies

- [Imerys](https://endata.com/companies/12404.md) (acquirer)
- [Haznedar Group](https://endata.com/companies/49340.md) (target)

## Sources

- [aa.com.tr](https://www.aa.com.tr/en/economy/frances-imerys-buys-majority-stake-in-turkish-firm/1938332), 2020-08-11: "Imerys has signed an agreement for the acquisition of a majority stake of 60%, with options to purchase the remainder, of the Haznedar group."
- [globalcement.com](https://www.globalcement.com/news/11887-imerys-to-buy-majority-stake-in-haznedar), 2020-08-12: "Imerys has signed an agreement to buy a 60% stake of Haznedar Group, a Turkey-based monolithic refractories and refractory bricks producer."
- [globalcement.com](https://www.globalcement.com/news?s____=5&start=8448), 2020-08-12: "Imerys has signed an agreement to buy a 60% stake of Haznedar Group, a Turkey-based monolithic refractories and refractory bricks producer."

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