Minerals Technologies sees AMCOL effect as sales, income, shoot up
Published: Friday, 24 October 2014
This is the first quarter which shows the impact the AMCOL acquisition has had on MTI’s bottom line. Business is pushing on, in what has been a depressed market for its competitors, indicating that the acquisition is already paying off.
Minerals Technologies Inc. (MTI) pointed to the positive
impact its acquisition of AMCOL has had on its Q3
2014 results, with a year-on-year increase of 114% in net sales
and a 135% increase in income from operations.
Its results, released late yesterday, pegged sales across
the group at $543.5m in...