Home / Content / B2B Connect / Chemicals / EP Minerals buys BASF's bleaching clay and mineral adsorbents businesses

EP Minerals buys BASF's bleaching clay and mineral adsorbents businesses

Divested businesses are part of the process catalysts business unit of BASF's catalysts division

Premium

Diatomaceous earth; Image courtesy: EP Minerals

Last Updated : Apr 10 2017 | 4:37 PM IST

BASF has signed an agreement to sell its bleaching clay and mineral adsorbents businesses to EP Minerals, a worldwide leader in industrial minerals, for an undisclosed amount. The transaction is expected to close in the third quarter of 2017, subject to regulatory approval and other customary closing conditions.

The bleaching clay and mineral adsorbents businesses are currently part of the process catalysts business unit of BASF’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.

“In the process

What you get on BS Premium?

Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
Pick your 5 favourite companies, get a daily email with all news updates on them.
Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
Preferential invites to Business Standard events.
Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.

VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in