BASF SE (Ludwigshafen, Germany; www.basf.com) has closed the previously announced transaction to sell its Bleaching Clay and Mineral Adsorbents businesses to EP Engineered Clays Corp., an affiliate of EP Minerals, LLC, a worldwide leader in engineered products derived from industrial minerals.
The divestiture includes a production site and a clay mine in Mississippi, and the mineral rights sublease associated with a mine in Arizona. Sixty-six employees have transferred to EP Minerals.
“The divestiture of our Bleaching Clay and Mineral Adsorbents businesses to EP Minerals will help us to focus our process catalysts portfolio on more strategic growth areas,” says Detlef Ruff, BASF senior vice president, Process Catalysts. “We thank our employees in Mississippi for their contributions and wish them future success as part of the EP Minerals team.”