Ineos Fluor Acquires Glebe Mines Limited

11-28-2007: INEOS Fluor has acquired the UK's only remaining indigenous fluorspar mining company, Glebe Mines Limited. The acquisition, which includes all holdings, was finalised on 19th November. It takes immediate effect, with the 20th November being the first working day under INEOS Fluor's ownership.

Glebe Mines has been supplying INEOS Fluor with fluorspar, the raw material vital to the manufacturer's fluorochemical production at its Runcorn site, for over 50 years. It employs 60 people at its site in Stoney Middleton in the Peak District.

INEOS Fluor's CEO, David Price, commented: "This is a strategic acquisition for us and helps to maintain our position as a global market leader with a competitive customer offering and secure over 300 jobs in Runcorn and the Peak District."

Glebe Mines Limited will be a stand-alone company and the name will remain the same.