BASF sell its bleaching clay, mineral adsorbents businesses

BASF to sell its bleaching clay, mineral adsorbents businesses

11:12 AM, 7th April 2017
BASF to sell its bleaching clay, mineral adsorbents businesses
The bleaching clay and mineral adsorbents businesses are currently part of the process catalysts business unit of BASF’s global catalysts division.

ISELIN/ RENO, US: BASF said that it has signed an agreement to sell its bleaching clay and mineral adsorbents businesses to EP Minerals, a worldwide leader in industrial minerals.

The transaction is expected to close in the third quarter of 2017.

The bleaching clay and mineral adsorbents businesses are currently part of the process catalysts business unit of BASF’s global catalysts division. The selling includes a production site and a clay mine in Mississippi (US), and the mineral rights sublease associated with a mine in Arizona. The transaction will affect approximately 70 employees.

“In the process of focusing our portfolio on strategic growth areas we are divesting the businesses to a strategic buyer, EP Minerals. This is the best course of action for the further development of the businesses and the impacted employees,” said Detlef Ruff, BASF senior vice president, process catalysts.

“We’re excited about this opportunity to acquire the Bleaching Clay and Mineral Adsorbents business from BASF. It’s a strategic move to strengthen our portfolio of industrial minerals and position EP Minerals for future growth and innovation,” said Gregg Jones, president and CEO, EP minerals.

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