CIMBAR Performance Minerals completes TOR Minerals acquisition
CPM invests in Texas-based high-performance specialty mineral developer’s North American Barite and Alumina Trihydrate manufacturing assets and business.
CIMBAR Performance Minerals Inc. (CPM, Chatsworth, Ga., U.S.) a division of United Minerals and Properties Inc., announced on April the completion of its acquisition of the North American Barite and Alumina Trihydrate manufacturing assets and business of TOR Minerals (Corpus Christi, Tex., U.S.), a company that develops high-performance specialty mineral products including fillers, which, when added to resin systems, enhance fire/smoke suppression and other properties.
“With this acquisition complete, CIMBAR has delivered on a key component of our growth strategy,” says Albert Wilson, president and CEO of CPM. “The TOR manufacturing site broadens our portfolio and will further support our primary goal of providing products to our customers from multiple locations, thus offering superior product security, availability and business continuity. I am delighted to officially welcome all of the employees and associates of TOR Minerals to CIMBAR and look forward to the growth we can achieve as one company.”