MACON, Ga., Nov. 18, 2021 (GLOBE NEWSWIRE) — KaMin LLC, a world efficiency minerals firm owned by IMin Companions, and BASF introduced immediately that they’ve entered right into a definitive settlement wherein KaMin will purchase the BASF kaolin minerals enterprise. At the moment, the kaolin minerals enterprise is a part of BASF’s Efficiency Chemical compounds division.
The transaction consists of manufacturing hub websites in Daveyville, Toddville, Edgar, Gordon and associated mines, reserves and mills in Toomsboro and Sandersville in Georgia, USA. The co-located refinery catalysts operations will proceed to be owned and operated by BASF’s refinery catalysts enterprise and aren’t a part of the divestiture.
“The acquisition of BASF’s kaolin enterprise is a transformative step ahead in KaMin’s technique. The mixture of those two complementary companies permits us to additional diversify our firm into growth-oriented markets and increase our total manufacturing and technical capabilities,” mentioned Michael W. Nelson, President and Chief Govt Officer of KaMin. “By combining BASF’s calcine portfolio with KaMin’s hydrous merchandise, we can present a compelling suite of kaolin-based efficiency mineral options to our distributor companions and prospects globally.”
C. Rankin Hobbs, Associate and Co-Founding father of IMin Companions, added, “This deal extends IMin’s portfolio within the industrial minerals sector and creates a big alternative to ship enhanced worth to all stakeholders — buyers, staff, prospects and suppliers.”
“BASF’s kaolin minerals enterprise is a well-positioned participant within the rising specialty industrial minerals market. Becoming a member of a world efficiency minerals participant will present a extra conducive setting for long run worthwhile progress for the enterprise,” added Dr. Thomas Kloster, President of BASF’s Efficiency Chemical compounds division.
The transaction is topic to customary closing situations and regulatory clearances. Pending approval by the related merger authorities, closing of the transaction is anticipated within the second half of 2022. The events have agreed to not disclose monetary particulars of the transaction. Grace Matthews, Inc. is serving because the unique monetary advisor to KaMin and IMin Companions.
About KaMin – KaMin is acknowledged within the trade as a world provider with greater than 90 years of expertise in delivering efficiency mineral options in a broad spectrum of end-use markets together with: constructing & development, automotive & catalyst, agriculture, well being & magnificence, packaging, and specialty & graphic paper. The corporate mines, produces, and distributes its merchandise from its three U.S. vegetation situated in Georgia — Macon, Sandersville and Wrens — and internationally by way of their Cadam subsidiary amenities in Brazil and Europe. www.kaminsolutions.com
About IMin Companions – IMin Companions is a capital supply and a strategic associate to companies, homeowners and administration groups within the specialty uncooked supplies trade. With an unique concentrate on the economic minerals and specialty chemical compounds industries, our core competencies embrace fairness capital investments, operational and market experience, alignment of pursuits and growth of tradition. www.iminpartners.com
Media Contact: Eve London [email protected]
This content material was issued by way of the press launch distribution service at Newswire.com.