French minerals group IMETAL must sell a kaolin plant in Sandersville included in its $1.2 billion acquisition of English China Clays plc (ECC) last month, GlobalFax has learned.
The divestiture of the plant is required for regulatory reasons as part of the deal to acquire ECC, which owns another plant in Sandersville, the seat of Washington County in Middle Georgia. ECC also has facilities in Savannah and Wrens, Ga., as well as elsewhere in the Southeast. ECC had revenues of $1.3 billion last year.
I METAL is expected to have revenues from its worldwide operations of more than $3.2 billion annually. Before its acquisition of ECC, it already owned in Georgia a kaolin plant in Dry Branch near Macon and Georgia Marble in Kennesaw.
It is a worldwide leader in the fields of mineral processing and metals processing. ECC has owned the Sandersville plant since acquiring it in the 1950s from Cabot Corp. and operated it under the name of Anglo-American Clays until the 1980s.
IMETAL’s Web site may be found at http://www.ecc.com