Bankruptcy Court Approves Sale of Imerys Talc America to Magris Resources Canada Inc.
November 17, 2020
- 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 …