AMCOL International Announces Acquisition of European Specialized Mineral and Chemical Company

27-May-2002

ARLINGTON HEIGHTS, ILL., AMCOL International Corporation today announced it has acquired Colin Stewart Minchem, Ltd. (CSM), a specialty minerals and chemical company located in the United Kingdom. CSM's sales are approximately $25 million. It supplies intermediate products, industrial minerals, inorganic chemicals and additives to laundry detergent, packaging, oil exploration and water treatment markets. Larry Washow, AMCOL president and chief executive officer, said, "Acquiring CSM further strengthens AMCOL's global presence. It is an acquisition that fits our business model well and contributes immediately to our bottom line, while positioning us for further growth." Washow continued, "CSM has been active in the detergent industry for more than twenty years developing technology in an exciting global consumer market. Originally, CSM was a mineral processing company, which has built a major position in the processing and supply of value-added detergent intermediates. CSM has built a portfolio of new products and services including desiccants and organoclay which offer quality, diversity and good returns." CSM, a subsidiary of Torday & Carlisle PLC, has three manufacturing operations in the U.K.-Winsford, Cheshire; Telford, Shropshire and Ellesmere Port, Merseyside. CSM also has a research facility at the Winsford site. Washow commented, "We believe that the acquisition of CSM gives us another platform to expand our global operations."

https://www.chemeurope.com/en/news/10907/amcol-international-announces-acquisition-of-european-specialized-mineral-and-chemical-company.html