Elementis completes sale of its Talc business to IMI Fabi for $121 million

The Transaction follows the strategic review of the Talc business (announced in August 2024) to evaluate whether the full potential of Talc could best be delivered as part of Elementis or via a divestment. The Board of Elementis believes that the sale to IMI Fabi represents the best outcome for all stakeholders. As a result of the Transaction, all sites, employees, assets, and liabilities of Talc will move under IMI Fabi’s ownership and, following a short transitional period, will trade under Mondo Minerals as well as its other affiliated IMI Fabi brands.

The sale represents a key milestone in Elementis’ repositioning as one of the pure-play specialty chemicals players with a high-quality portfolio that is focused on value-added specialty additives in the high-margin Coatings and Personal Care markets.

The disposal improves the Group’s adjusted operating profit margin by approximately 240 bps, based on the Group’s reported financial results for the year ended 31 December 2024. The Transaction also accelerates the delivery of the Group’s 2026 financial targets. The Group’s future strategic priorities and performance objectives under new CEO, Luc van Ravenstein, appointed on 29 April 2025, will be communicated in due course.

In recognition of Elementis’ robust balance sheet and the strong confidence in the streamlined Group’s prospects, the Board is pleased to announce its intention to return $50m to shareholders by way of a share buyback program which is expected to commence as soon as practicable. The Group’s progressive dividend policy remains unchanged as a result of the Transaction.

The Group's positive outlook for this financial year remains unchanged from that set out in their Q1 trading update on 29 April 2025.

Luc van Ravenstein, CEO of Elementis commented,