Imerys to divest La Bathie fused alumina business
Published: Thursday, 26 January 2017
As part of the conditions set out by the EU for Imerys’ takeover of Alteo’s fused alumina assets in France, the minerals producer has to spin off one of the recently purchased operations.
France-headquartered industrial minerals producer Imerys SA
will divest its newly-acquired fused alumina operations in La
Bathie into an independent business as part of the asset
acquisition conditions set by the European Commission
Under the divestment, La Bathie will be renamed ARC Fused
Alumina and its core business will be fused alumina, including
white fused aluminas, bubble aluminas, spherical white fused
aluminas and surface-treated white fused aluminas. The fused
minerals will be mainly used in abrasives, refractories and
"Imerys has committed, as a condition agreed upon in its
discussions with the European Commission, to divest the
business of La Bathie. As a result, although La Bathie will be
owned by Imerys for a transition period until this divestment
has taken place, this business will be managed independently
from Imerys," ARC Fused Alumina said in a statement.
ARC Fused Alumina will continue to produce via the three
existing plants located near Albertville in France, about 100km
from Geneva, the company said.
The operations at Beyrede were integrated into Imerys Fused
Minerals with effect from 1 January 2017.
European authorities approved Imerys’ proposed
buyout of fellow France-based fused and tabular alumina
producer Alteo on 28 October.