 |
 |
||||||
[April 2007]
Bid for UCM Group Successful
Following its recommended cash offer for UCM Group PLC launched on 15 February 2007, Imerys announced on 2 April 2007 that valid acceptances of the offer had been received in respect of 95.8% of UCM's issued share capital and that it will proceed with the compulsory acquisition of any UCM shares in respect of which acceptances have not been received by 14 May 2007.
With market estimated sales of €55 million in 2006, two sites in Great Britain and two in the United States, UCM Group PLC is one of the world's leading producers of fused zirconia for the refractories, advanced ceramics and automotive industries, and fused magnesia, which is primarily used in the manufacture of electrical heating elements.
This acquisition enables Imerys to broaden its range of fused minerals, a segment in which it is already active through its subsidiary Treibacher Schleifmittel.
www.imerys.com
ENDS