M&A Deal Summary

Imerys SA Acquires ACE Refractories

On September 1, 2007, Imerys SA acquired manufacturing company ACE Refractories from ICICI Venture for 550M INR

Acquisition Highlights
  • This is Imerys SA’s 1st transaction in the Manufacturing sector.
  • This is Imerys SA’s 2nd largest (disclosed) transaction.
  • This is Imerys SA’s 1st transaction in India.

M&A Deal Summary

Date 2007-09-01
Target ACE Refractories
Sector Manufacturing
Buyer(s) Imerys SA
Sellers(s) ICICI Venture
Deal Type Add-on Acquisition
Deal Value 550M INR

Target

ACE Refractories

Nagpur, India
website
ICICI Venture bought out the Refractories division of the Associated Cement Companies Ltd. (ACC) on a slump sale basis and renamed it as Ace Refractories. Ace is the second largest player in the industry in terms of revenues and profits supplying to a diverse set of industries. It is a leader in monolithics commanding over 50% market share and is a leading manufacturer of binders. It supplies a wide spectrum of refractory products to steel, cement, petrochemicals, fertilizers, power, sponge iron and non ferrous metal industries.

Search 161,083 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try For Free 7-Day Free Trial

Buyer(S) 1

Buyer

Imerys SA

Paris, France

website


Category Company
Founded 1880
SectorPackaging
Employees16,400
Revenue 3.8B EUR (2020)
DESCRIPTION

Imerys manufactures paper and paper packaging products. Imerys was founded in 1880 and is headquartered in Paris, France.


DEAL STATS #
Overall 1 of 10
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 9
Country (India) 1 of 2
Year (2007) 1 of 3
Size (of disclosed) 2 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-23 American Minerals, Inc.

United States

American Minerals, Inc. is a processes and trades a range of industrial minerals, including chrome, zircon, magnesite and iron pyrites from four locations. Primary applications include the foundry, glass, abrasives and refractory markets.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-09-11 The Feldspar Corp.

Atlanta, Georgia, United States

The Feldspar Corp. produces feldspar.

Buy -

Seller(S) 1

SELLER

ICICI Venture

Mumbai, India

Investor Investor Investor Investor Investor

website


Category Corporate Investor
Founded 1988
PE ASSETS 2.0B USD
SizeLarge
Type Sector Agnostic
DESCRIPTION

ICICI Venture is an India-focused investment firm that targets opportunities in private equity, real estate, and mezzanine finance with funds covering each investment strategy. ICICI's private equity practice looks for buyout and growth capital opportunities across sectors such as retail, media, information technology, consumer services, consumer goods, textiles, pharmaceuticals, biotech, oil, and non-consumer goods. ICICI Venture is a subsidiary of ICICI Bank and has offices in Mumbai and Bangalore.


DEAL STATS #
Overall 4 of 12
Sector (Manufacturing) 1 of 1
Type (Add-on Acquisition) 1 of 7
Country (India) 4 of 11
Year (2007) 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2007-08-17 Tops Security Ltd.

Mumbai, India

Tops Security is a security services provider, predominantly providing guarding services. It also specializes in emergency response, electronic security systems, and other ancillary services. Tops Security was established in 1970 and is based in Mumbai, India.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2008-01-01 Metalcastello SpA

Bologna, Italy

Metalcastello was set up in 1952 as a subcontractor manufacturing gears in small quantities to meet customer demands.

Buy -