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Divestiture includes production site and clay mine in Mississippi, and the mineral rights sublease with a mine in Arizona.
July 18, 2017
By: DAVID SAVASTANO
Contributing Editor, Coatings World and Ink World
BASF has closed the previously announced transaction to sell its Bleaching Clay and Mineral Adsorbents businesses to EP Engineered Clays Corporation, an affiliate of EP Minerals, LLC, a worldwide leader in engineered products derived from industrial minerals. The divestiture includes a production site and a clay mine in Mississippi, and the mineral rights sublease associated with a mine in Arizona. Sixty-six employees have transferred to EP Minerals. “The divestiture of our Bleaching Clay and Mineral Adsorbents businesses to EP Minerals will help us to focus our process catalysts portfolio on more strategic growth areas,” said Detlef Ruff, BASF SVP, Process Catalysts.
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