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Business
Minerals Technologies Beats Rival For Amcol
by Alexander H. Tullo
March 17, 2014
| A version of this story appeared in
Volume 92, Issue 11
Amcol International’s board of directors has accepted a $1.7 billion acquisition offer from Minerals Technologies Inc. Amcol had earlier agreed to a $1.6 billion takeover by France’s Imerys, which will now get a $39 million termination fee from Amcol. A specialist in bentonite, Amcol generated $1.0 billion in sales last year. MTI, a major player in the precipitated calcium carbonate industry, also racked up $1.0 billion in sales. “The combination of MTI and Amcol will create a minerals platform that is well-positioned for growth through geographic expansion and new product innovation,” MTI CEO Joseph C. Muscari says.
The power is now in your (nitrile gloved) hands
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