BASF Completes Divestiture of Hydrous Kaolin Business
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BASF, Germany, has completed the previously announced sale of its global paper hydrous kaolin (PHK) business to Imerys, Paris, France, a producer of mineral-based specialty solutions for industry. Under a tolling agreement of limited duration, BASF will continue to manufacture and supply PHK products to Imerys to enable a smooth transition for customers. Included in the transaction is a kaolin milling facility in Wilkinson County, Ga., USA, referred to as the "Gibraltar mill."
BASF will continue to own and operate its other assets in Georgia, including kaolin reserves, mining, and production facilities, as well as a slurry facility in Ghent, Belgium.
"We have taken action to make our business fit for the future," said Dr. Shane Porzio, VP, Global Business Management Kaolin. BASF is committed to providing customers with the highest quality kaolin products, solutions and service."
