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 of focusing our portfolio on strategic growth areas, we are divesting the businesses to a strategic buyer, EP Minerals,” said Detlef Ruff, BASF SVP Process Catalysts.
“We’re excited about this opportunity to acquire the Bleaching Clay and Mineral Adsorbents business from BASF,” said Gregg Jones, EP Minerals president and CEO. “It’s a strategic move to strengthen our portfolio of industrial minerals and position EP Minerals for future growth and innovation.”