Clariant has completed the acquisition of U.S. attapulgite business assets from German peer BASF AG to expand its North American business, the company said late Monday.
In an agreement signed late last year, the Swiss chemical company agreed to pay BASF $60 million in cash for mining rights, processing facilities and inventory in Florida and Georgia.
Clariant will also supply BASF with attapulgite products that are used in various industrial processes, including the production of renewable fuels, the company said.
Chief Executive Officer Conrad Keijzer said the acquisition would benefit financially and propel Claimant away from fossil fuels and strengthen the company’s presence in the strategically important North American region.
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