Imerys

M&A Activity • Mar 28, 2024

PRESS RELEASE

PARIS, MARCH 28, 2024

Imerys enters into exclusive negotiations for the sale of its assets serving the paper market

Imerys today announces that it has entered into exclusive negotiations with Flacks Group for the contemplated divestment of its assets serving the paper market.

Flacks Group is a US investment firm based in Miami, Florida, specialized in acquisitions of mid-size corporate spin-offs and carve-outs.

The completion of the contemplated transaction is subject to the fulfillment of customary conditions for this type of transactions, including regulatory approvals and relevant work council consultations. The transaction is expected to be completed in the course of 2024.

These activities are operated by approximately 900 employees in 24 plants in the Americas and Asia, as well as certain locations in Europe. These activities represented about €370m in sales in 2023.

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Imerys is the world's leading supplier of mineral-based specialty solutions for the industry with €3.8 billion in revenue and 13,700 employees in 54 countries in 2023. The Group offers high value-added and functional solutions to a wide range of industries and fast-growing markets such as solutions for the energy transition and sustainable construction, as well as natural solutions for consumer goods. Imerys draws on its understanding of applications, technological knowledge, and expertise in material science to deliver solutions which contribute essential properties to customers' products and their performance. As part of its commitment to responsible development, Imerys promotes environmentally friendly products and processes in addition to supporting its customers in their decarbonization efforts.

Imerys is listed on Euronext Paris (France) with the ticker symbol NK.PA.

Analyst/Investor Relations:

Press contacts:

Cyrille Arhanchiague : +33 (0)1 49 55 64 84 finance@imerys.com

Claire Garnier : +33 (0)1 49 55 64 27 Hugues Schmitt (Primatice) : + 33 (0)6 71 99 74 58