Germany/USA: Industrial Minerals EP Minerals to Acquire Bleaching Clay and Mineral Adsorbents Businesses from BASF

Editor: Alexander Stark

BASF announced that it has signed an agreement to sell its Bleaching Clay and Mineral Adsorbents businesses to EP Minerals.

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Effective catalysts are of vital importance for the production processes used in the chemical industry.
Effective catalysts are of vital importance for the production processes used in the chemical industry.
(Source: BASF SE)

Iselin/USA — The Bleaching Clay and Mineral Adsorbents businesses are currently part of the Process Catalysts business unit of the company’s global Catalysts division. The divestiture includes a production site and a clay mine in Mississippi, and the mineral rights sublease associated with a mine in Arizona. The transaction will affect approximately 70 employees and is expected to close in the third quarter of 2017 — subject to regulatory approval and other customary closing conditions. Financial details of the divestiture have not been disclosed.

“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,” said EP Minerals President and CEO Gregg Jones. “It’s a strategic move to strengthen our portfolio of industrial minerals and position EP Minerals for future growth and innovation.”

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