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Greece’s S&B to acquire USA bentonite unit October 7, 2007

Posted by grhomeboy in Business & Economy.
Tags: , , ,

Greek miner company S&B said it has reached an agreement to acquire the bentonite and lustrous carbon business of USA firm The Hill & Griffith Co for 13.4 million US$.

The Greek miner company will acquire four blending plants in Cincinnati, Burbank, Cicero and in Birmingham. The total turnover of the acquired activities is 20 million US$, while total production comes to 150,000 tons per year.

S&B said the acquisition will allow it to offer broader integrated solutions to the American foundry market and represents another step in its geographical expansion.

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