Bankruptcy Court Approves Sale of Imerys Talc America to Magris Resources Canada Inc.



DOCUMENTS
  • Revised Sale Order


WILMINGTON, Del. –– The Delaware court overseeing Imerys Talc America Inc.’s bankruptcy proceedings has approved the sale of “substantially all the [company’s] assets” to a Canadian company for $223 million, according to a press release.

The U.S. Bankruptcy Court for the District of Delaware approved the sale on Nov. 16 during a teleconference, according to published reports.

Imerys Talc America, with operations in Montana and Texas, produces talc-based products to a number of companies, including Johnson & Johnson, which later incorporated it into its Baby Powder talcum powder products. As a result, Imerys Talc was named as a defendant …






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