 "Diatomaceous earth; Image courtesy: EP Minerals")
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
