8 June 2015
Imerys Group Presentation
DETAILS
BASF has signed a contract to sell
its global paper hydrous kaolin (PHK) business to
a leader in mineral-based specialty solutions for industry,
based in Paris, France.
In September 2014, BASF announced its plan
to evaluate strategic options for its PHK business.
The divestiture is subject to approval by
the relevant merger control authorities.
Closing of the transaction is expected to take place
during the third quarter of 2015.
The parties have agreed not to disclose
the financial details of the transaction.
Imerys will purchase the global PHK business including
a production site for milling in Wilkinson County, Georgia.
Overall, 190 positions will be affected globally.
BASF will work with affected employees
to help locate other employment opportunities
within the company or to provide the appropriate transition support.
In step with BASF’s strategy to actively manage its portfolio,
this divestiture allows
the kaolin business to focus on its leading position
in the industrial segments. In addition,
BASF will continue producing kaolin for process catalysts.
Dr. Shane Porzio,
Vice President, Global Business Management of Kaolin for BASF.
“We are taking an important step
to improve the competitiveness of our kaolin business and
further sharpen our focus on growth and core businesses,”
“We will work closely with Imerys
to ensure a smooth transition for customers.”
BASF will toll for Imerys and provide other services
during a short transition period
to ensure continuity of supply for customers.
Contact
Thomas Nonnast
Berlin Political Issues, Corporate Governance,
Energy & Climate, Performance Products
Tel : +49 30 206 2950-34
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