The North American Talc Business is being sold under proceedings commenced by the sellers under Chapter 11 of the United States Bankruptcy Code and the Companies' Creditors Arrangement Act. The North American Talc Business is North America's premier producer of talc, which is a critical performance-enhancing ingredient used in a variety of industrial applications. Magris Resources to Acquire North American Talc Assets; Magris Resources, officially owner of Niobec; IAMGOLD TO SELL NIOBEC FOR A TOTAL CONSIDERATION OF US$530 MILLION; Remarkable health and safety results; Archives. According to this Oct. 13, 2020, press release, Magris Resources Canada Inc. (“Magris”) is pleased to announce that it has entered into a definitive stalking-horse agreement to acquire substantially all the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the “North American Talc Business”) for US$223 million. Magris was founded in 2012 by Aaron Regent to acquire, develop and operate industrial minerals and mining assets on a global basis. The US assets and related operations are now owned by Magris Talc USA, Inc. and the Canadian assets and related operations are now owned by Magris Talc … The North American Talc Business is North America's premier producer of talc, which is a critical performance-enhancing ingredient used in a variety of industrial applications. Imerys Sells Talc Assets to Magris Resources . All rights reserved. A Toronto, Ontario-based company, Magris Resources Canada, Inc., has agreed to buy the assets of Imerys' North American Talc Subsidiaries for $223 million. Magris Resources Canada Inc has entered into a definitive stalking horse arrangement to acquire nearly all the assets of the North American talc business of French company Imerys for US$225M. Shearman & Sterling represented firm Magris Resources Canada Inc. in connection with its definitive agreement to acquire substantially all of the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the “North American Talc … Talc is visually graded at the mine face before being loaded onto trucks for transport to designated stockpiles adjacent to the processing facility. Magris Resources, a Canadian mining private equity firm, has closed its acquisition of the assets of talc producers Imerys Talc America, Imerys Talc Vermont and Imerys Talc Canada. Assets will operate under the name Magris Talc. This week, Imerys got the go-ahead to sell the assets of its North America talc businesses to Toronto, Ontario – based Magris Resources. Vermont Business Magazine Today, the North American Talc Subsidiaries of Imerys (Imerys Talc America, Imerys Talc Vermont, and Imerys Talc Canada) announced the completion of the sale of substantially all of their assets to affiliates of Magris Resources Canada Inc. This Tuesday, November 17, 2020. Creditors' … The sale process formally commenced on May 15, 2020. We are pleased to announce that North American Talc Subsidiaries of Imerys (Imerys Talc America, Imerys Talc Vermont, and Imerys Talc Canada) have completed their sale to Magris Resources on February 17, 2021. Registration on or use of this site constitutes acceptance of our Terms of Service and Privacy Policy. Imerys Talc Canada is a leading talc producer on the American continent, with operations in Timmins and Penhorwood. TORONTO, Oct. 13, 2020 /CNW/ - Magris Resources Canada Inc. ("Magris") is pleased to announce that it has entered into a definitive stalking-horse agreement to acquire substantially all the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the "North American Talc Business") for US$223 million. According to PR Newswire, Magris Resources Canada Inc. offers talc and related minerals among other mining resources to industrial customers. The combination of the North American Talc Business and our existing niobium business in Canada represents a unique opportunity to realize meaningful synergies and create an industrial minerals platform that Magris can continue to invest in and scale," said Matthew Fenton, President & CFO of Magris. For further information: Media relations, (416) 901-9877, [email protected]. Imerys Sells Talc Assets to Magris Resources . North American Talc Subsidiaries of Imerys Announce Completion of Sale to Magris Resources. Instead, talc will continue to be in demand for industrial application thought to be less deadly than using baby powder for deodorant or on a delicate baby's bottom. March 2021; October 2020; January … The agreement will become fully effective and legally binding after the relevant United States and Canadian courts issue orders to approve it. North American Talc Subsidiaries of Imerys Announce Completion of Sale to Magris Resources. Assets will operate under the name Magris Talc. Its operations consist of three long-life mines and six processing facilities located in the United States and Canada. THE DETAILS Under the terms of the deal, Magris will pay US$223 million as well as take on certain assumed liabilities. For $223 million. - … © 2021 Insider Inc. and finanzen.net GmbH (Imprint). 14 October 2020. The transaction is expected to close by late 2020 or early 2021, subject to the receipt of regulatory approvals and other customary closing conditions. Magris owns and operates Niobec, a Quebec-based producer of niobium, which is a critical element used in the production of high-strength, low-alloy steels. View original content to download multimedia:http://www.prnewswire.com/news-releases/magris-resources-to-acquire-north-american-talc-assets-301151701.html, Plus500. The company supplies premium-quality, talc-based solutions to a … DOCUMENTS. Magris Talc Canada Inc. (Corporation# 12516217) is a federal corporation entity registered with Corporations Canada. We are pleased to announce that North American Talc Subsidiaries of Imerys (Imerys Talc America, Imerys Talc Vermont, and Imerys Talc Canada) have completed their sale to Magris Resources on February 17, 2021. HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Canada Court Administration. Magris was founded in 2012 by Aaron Regent to acquire, develop and operate industrial minerals and mining assets on a global basis. Today, the North American Talc Subsidiaries of Imerys (Imerys Talc America, Imerys Talc … PR Newswire (US) ATLANTA, Feb. 17, 2021 /PRNewswire/ -- Today, the North American Talc Subsidiaries of Imerys (Imerys Talc America, Imerys Talc Vermont, and Imerys Talc Canada or, collectively, the "Debtors") announced the completion of the sale of substantially all of their assets to affiliates of Magris Resources Canada Inc. ("Magris"). Magris Resources Inc. Bay Adelaide Centre, West Tower. Magris Resources, a Canadian mining private equity firm, has closed its acquisition of the assets of talc producers Imerys Talc America, Imerys Talc Vermont and Imerys Talc … By Alison Saxby. The agreement will become fully effective and legally binding after the relevant United States and Canadian courts issue orders to approve it. Imerys Talc America, the company operating the talc-milling plant in Three Forks, was purchased out of bankruptcy by Magris Resources Canada Inc. on Feb. 16. The existing ore processing facilities are located in the Sorter Area and in the Optical Sorter. For $223 million, Magris purchased substantially all of France-based Imerys S.A.’s Canadian and United States talc assets. Made In NYC |
Magris Resources, a Canadian mining private equity firm, has entered into a stalking-horse agreement to acquire the assets of Imerys Talc America, Imerys Talc … Talc: Magris acquires Imerys Talc America Inc. Posted 22nd October 2020 in Industry news. We have been extremely impressed by the quality and safety culture of the operations and workforce, and look forward to partnering with the existing management team to continue to grow this business," said Aaron Regent, Chairman & CEO of Magris. The Stalking Horse Agreement provides that Magris Resources will purchase substantially all of the Debtors’ assets, as detailed at … Imerys Talc America, moving toward a chapter 11 resolution of thousands of personal injury claims, won bankruptcy-court approval to sell the business to Magris Resources … 14. 333 Bay Street, Suite 1101. About Magris. The Applicant, Imerys Talc Canada Inc. ... Debtors’ assets free and clear to Magris Resources pursuant to the Stalking Horse Agreement; 18. North American Talc Subsidiaries of Imerys announced that the United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the debtors’ assets to Magris Resources Canada Inc., plus an agreement to assume certain assumed liabilities. Magris Resources was declared the successful bidder on November 11, 2020. The incorporation date is November 23, 2020. Disclaimer |
Bankruptcy Litigation. The company supplies premium-quality, talc-based solutions to a wide variety of industrial applications including paints, plastics, ceramics, rubber, paper, agriculture, adhesives and sealants, building products, cosmetics and pharmaceuticals. Currently, J&J, Imerys, and other defendants face nearly 20,000 Baby Powder and Shower-to-shower lawsuits. When typing in this field, a list of search results will appear and be automatically updated as you type. Talc is our planet’s softest known mineral. Corporate Governance. "We are excited to acquire the North American Talc Business, which is underpinned by high-quality, long-life assets that produce a variety of talc products for blue-chip customers in diverse industrial end markets. Revised Sale Order; WILMINGTON, Del. Magris was founded in 2012 by Aaron Regent to acquire, develop and operate industrial minerals and mining assets on a global basis. To Our Customers. "We are excited to acquire the North American Talc Business, which is underpinned by high-quality, long-life assets that produce a variety of talc products for blue-chip customers in diverse industrial end markets. 76.4% of retail CFD accounts lose money, Registration on or use of this site constitutes acceptance of our, An unexpectedly sharp economic rebound could kickstart a massive shakeup that's almost certain to drag stocks lower », Ford is set to name a female Ford family member to its board for the first time after 118 years in business ». Toronto Ontario M5H 2R2. Magris was founded in 2012 by Aaron Regent to acquire, develop and operate industrial minerals and mining assets on a global basis. Article Tags: Asset Sales. The combination of the North American Talc Business and our existing niobium business in Canada represents a unique opportunity to realize meaningful synergies and create an industrial minerals platform that Magris can continue to invest in and scale," said Matthew Fenton, President & CFO of Magris. The transaction is expected to close by late 2020 or early 2021, subject to the receipt of regulatory approvals and other customary closing conditions. All talcs are lamellar, chemically inert, organophilic and … "We look forward to welcoming the North American Talc Business to the Magris family. We have been extremely impressed by the quality and safety culture of the operations and workforce, and look forward to partnering with the existing management team to continue to grow this business," said Aaron Regent, Chairman & CEO of Magris. The United States Bankruptcy Court for the District of Delaware has approved the sale of substantially all of the assets belonging to the North American Talc Subsidiaries of Imerys to Magris Resources Canada. Its operations consist of three long-life mines and six processing facilities located in the United States and Canada. Magris owns and operates Niobec, a Quebec-based producer of niobium, which is a critical element used in the production of high-strength, low-alloy steels. Bankruptcy Court Approves Sale of Imerys Talc America to Magris Resources Canada Inc. November 17, 2020. The North American Talc Business is being sold under proceedings commenced by the sellers under Chapter 11 of the United States Bankruptcy Code and the Companies' Creditors Arrangement Act. And in the company’s media release announcing as much, La Motta described the deal as “a major milestone in the North American Talc Subsidiaries' path towards emergence from Chapter 11.” TORONTO, Oct. 13, 2020 /CNW/ - Magris Resources Canada Inc. ("Magris") is pleased to announce that it has entered into a definitive stalking-horse agreement to acquire substantially all the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the "North American Talc Business") for US$223 million. The North American Talc Business is being … Commerce Policy |
"We look forward to welcoming the North American Talc Business to the Magris family. TORONTO, Oct. 13, 2020 /CNW/ - Magris Resources Canada Inc. ("Magris") is pleased to announce that it has entered into a definitive stalking-horse agreement to acquire substantially all the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the "North American Talc Business") for US$223 million. TORONTO, Oct. 13, 2020 /CNW/ - Magris Resources Canada Inc. ("Magris") is pleased to announce that it has entered into a definitive stalking-horse agreement to acquire substantially all the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the "North American Talc Business") for US$223 million. Claims. About Magris. Stock quotes by finanzen.net. On November 17, 2020, the US Court entered the Sale Approval Order that, among other things, authorized and approved of the Sale of the Debtors’ assets free and clear to Magris Resources. Imerys Talc America, the company operating the talc-milling plant in Three Forks, was purchased out of bankruptcy by Magris Resources Canada Inc. on Feb. 16. On October 13, 2020, Magris Resources Canada Inc. (Magris Resources) announced it has entered into a definitive stalking horse agreement to acquire substantially all the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, North American Talc Assets). Magris Talc, formerly Imerys Talc, has a history of managing and operating world‐class mining assets on six continents spanning base, bulk, industrial & precious metals. A Cision company. Imerys Talc Canada is a leading talc producer on the American continent, with operations in Timmins and Penhorwood. The principal address is 333 Bay Street, Suite 1101, Toronto, ON M5H 2R2. Copyright © 2021 CNW Group Ltd. All Rights Reserved. To Our Partners. TORONTO, Oct. 13, 2020 /PRNewswire/ - Magris Resources Canada Inc. ("Magris") is pleased to announce that it has entered into a definitive stalking-horse agreement to acquire substantially all the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the "North American Talc Business") for US$223 million. Magris Resources to Acquire North American Talc Assets Français TORONTO , Oct. 13, 2020 /CNW/ - Magris Resources Canada Inc. ("Magris") is pleased to announce that it has entered into a definitive stalking-horse agreement to acquire substantially all the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the "North American Talc …