Flacks Group, Pleuger Industries’ Parent Company, Acquires Artemyn, Strengthens Mining Presence

Flacks Group, the parent company of Pleuger Industries, is proud to announce the acquisition of Artemyn, a division previously owned by Imerys SA (EPA: NK), a publicly listed company on the Euronext. This strategic acquisition marks Flacks Group’s significant entry into the mining industry, reinforcing its diversified portfolio and global reach.

Artemyn, employing 1,000 people across 24 plants in the Americas, Asia, and Europe, generated $400 million in revenue and $60 million in EBITDA. Notably, Artemyn owns the world’s largest kaolin operation with unique high-quality reserves in Brazil, further bolstering Flacks Group’s assets.

Flacks Group, owned by Chairman and CEO Michael Flacks, manages over $4 billion in assets globally. The company operates across multiple sectors, including mining, renewable energy, water, chemicals, oil and gas, and real estate.

Among Flacks Group’s diversified portfolio is Pleuger Industries, a cornerstone renowned for its rotating equipment with almost a century of experience. With facilities in Germany, France, and the USA, Pleuger Industries is a key provider of dewatering and mission-critical equipment to major mining operations worldwide. Here are some notable projects:

In recent years, Pleuger Industries has successfully delivered customized, high-performance dewatering solutions to harsh mining environments globally. Notable projects include providing over 380 units to Fortescue Metals Group’s “Cloudbreak” and “Christmas Creek” iron ore sites in Australia, which operate under high salinity and iron content conditions. In Germany, several units are used in Rheinkalks’ open pit limestone mine, adapted to fluctuating water levels. Pleuger also supplied  approximately 1400 dewatering pumps for dewatering operations at RWE and Vattenfall’s brown coal mines in Germany, ensuring optimal performance in demanding conditions. Additionally, Pleuger has provided process water pumps for Chile’s Collahuasi Copper Mine, integral to the site’s energy management and corrosion protection systems. These projects underscore Pleuger’s expertise in delivering tailor-made solutions for the most challenging environments.

This collaboration with Artemyn is expected to enhance operational efficiencies and drive R&D in mining products.

“Pleuger is thrilled by Flacks Group’s acquisition of Artemyn,” says Pleuger CEO Anton Schneerson. “Pleuger is proud of its knowledge, German engineering approach, and customized dewatering solutions. Our premium engineering, driven by our R&D and expertise at our Hamburg Center of Excellence, enables us to address the most sophisticated and harsh environment requirements. With a century of experience, we are uniquely positioned to meet Artemyn’s needs and, together, create a new set of more efficient products. We are grateful to Flacks Group for this opportunity and look forward to collaborating on special mining applications.”

Morgan Stanley served as an investment banker on the deal, with Latham & Watkins LLP, Moncey Avocats Law Firm, and Berger Singerman LLP acting as transactional lawyers.