KaMin LLC and BASF recently announced that they have entered into a definitive agreement for KaMin to acquire the BASF kaolin minerals business. Currently, the kaolin minerals business is part of BASF’s Performance Chemicals division.
The transaction includes several production hub sites in Georgia, including Daveyville, Toddville, Edgar, and Gordon, as well as related mines, reserves, and mills in Toomsboro and Sandersville. The co-located refinery catalysts operations will continue to be owned and operated by BASF’s refinery catalysts business and are not part of the divestiture.
“The acquisition of BASF’s kaolin business is a transformative step forward in KaMin’s strategy,” said Michael W. Nelson, KaMin’s president and CEO. “The combination of these two complementary businesses allows us to further diversify our company into growth-oriented markets and augment our overall manufacturing and technical capabilities. By combining BASF’s calcine portfolio with KaMin’s hydrous products, we will be able to provide a compelling suite of kaolin-based performance mineral solutions to our distributor partners and customers globally.”
According to Thomas Kloster, Ph.D., president of BASF’s Performance Chemicals division, “BASF’s kaolin minerals business is a well-positioned player in the growing specialty industrial minerals market. Joining a global performance minerals player will provide a more conducive environment for longer term profitable growth for the business.”
The transaction is subject to customary closing conditions and regulatory clearances. Pending approval by the relevant merger authorities, closing is expected in the second half of 2022. The parties have agreed not to disclose financial details.