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PRESS RELEASE
IMERYS to acquire Quimbarra, the leading Latin American producer of calcium
carbonates
Atlanta,
GA., May 26, 2000
On May 26, 2000
Imerys signed an agreement with the US group Praxair for the acquisition of
100% of Quimbarra, the leading
Latin American producer of ground (GCC) and precipitated (PCC) calcium carbonate.
Quimbarra operates 15 plants in Latin America
(7 in Brazil, 5 in Argentina, 3 in Mexico) and owns high-quality minerals reserves.
Quimbarra sales amount to 220,000 tonnes of PCC
and 150,000 tonnes of GCC, representing global sales of approximately $55 million.
Since the merger
with English China Clays, the Quimbarra acquisition comes on the heels of related
acquisitions
over the past months:
IMERYS is a leading
multi-pigment resource in the business of kaolin and carbonates for paper, focused
on helping paper producers
build differentiated products, markets, and profitability. Today, IMERYS is
a $2.5 billion company with approximately $1 billion in
annual sales to the paper industry.
IMERYS holds key
kaolin reserves for paper in Cornwall, England; Middle Georgia, USA; Capim,
Brazil, and Pittong, Australia.
These properties and advanced manufacturing facilities represent the largest
investment of this kind for paper minerals. IMERYS
has twenty-five ground calcium carbonate (GCC) facilities in all papermaking
regions, and has a growing position in precipitated
calcium carbonate (PCC), including a large share of the coating PCC market in
North America.
For additional
information, please contact Susan Boss Marketing Manager Phone
770-645-3493 e-mail sboss@imerys.com
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