BASF Closes Divestiture of its Quincy, Florida Site to Clariant
02 Nov 2022
BASF closed the divestiture of its Quincy, Florida site and corresponding attapulgite business to Clariant for $60 million. Clariant is a specialty chemical company based in Muttenz, near Basel/Switzerland. The agreement includes a long-term supply agreement for attapulgite-based products to BASF.
Structured as an asset deal, the transaction includes the transfer of land and mining rights, the processing facility, and inventories, which will be integrated into Clariant’s Functional Minerals Business Unit. The Quincy site has approximately 75 employees and produces attapulgite-based products for a wide range of applications and end markets. The attapulgite business generated sales of approximately $36 million in 2020.
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