Thiele Kaolin Set to Acquire Certain Imerys Kaolin Clay Assets in North America
Subject to customary closing conditions, the transaction is expected to close in the fourth quarter of 2021.
Thiele Kaolin Co. and Imerys Performance Minerals have entered into an agreement of sale, through which Thiele will acquire certain Imerys kaolin assets. Through the sale, Thiele will acquire mineral resources, as well as certain manufacturing assets, primarily supporting hydrous kaolin but also including some calcination capability. The transaction is expected to be completed early in the fourth quarter of this year, subject to customary closing conditions.
These mineral and manufacturing assets are located in central Georgia, strategically situated near other Thiele assets. Imerys has retained assets in Sandersville, Ga., and reports that it remains committed to the middle Georgia mining community and its business in the region.