Evonik Inks Deal to Buy Huber’s Silica Business

The JM Huber Corp of Edison, NJ has signed a definitive agreement to sell Huber Engineered Materials’ (HEM) Silica business unit to Evonik Industries AG of Germany for US$630 million. The transaction will include HEM’s Silica facilities in North America, Europe, and Asia. The Silica business manufactures a range of high performing precipitated silica and...

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Oil-Dri Drops Low Margin Cat Litter Customers

Oil-Dri Corporation of America of Chicago, IL has reported net income of US$2.0 million on net sales of US$66.6 million for its first quarter, the three months ended October 31, 2016 compared with US$5.4 million on sales of US$67.8 million in the corresponding period of 2015. Daniel S Jaffee, Oil-Dri’s CEO, said, “While overall results...

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Imerys Lines Up Acquisition of Calcium Aluminate Producer

Imerys SA of France has announced that it has plans to acquire Kerneos, a global leader in calcium aluminate high performance binders. The company says that the purchase of Kerneos for an estimated €880 million (US$937 million) would be in full compliance with Imerys’ external growth criteria. The transaction, entirely funded by the group’s available...

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Canadian Zeolite Collaborates with UNBC and Havana

Canadian Zeolite Corp of Vancouver, BC is exploring research collaboration opportunities with the University of Northern British Columbia (UNBC) in coooperation with the University of Havana. Northern Analytic Lab Services will conduct tests and evaluate Canadian Zeolite’s natural zeolite opportunities. UNBC will provide the oversight to carry out research and development on projects related to...

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