IMERYS (EPA:NK) - Imerys North American talc entities’ Plan of Reorganization reaches the voting approval threshold
Transparency directive : regulatory news
07/04/2021 14:00
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PRESS RELEASE
Paris, April 7, 2021
Imerys North American talc entities' Plan of Reorganization reaches the voting
approval threshold
Imerys SA is pleased to announce that the Plan of Reorganization ("the Plan")
proposed by the North American talc entities (Imerys Talc America, Imerys Talc
Vermont and Imerys Talc Canada) has received the necessary majority support
(approximately 79.7%) from the voting creditors and claimants in the U.S talc
related litigation to meet the 75% approval threshold required under the
relevant statutory provisions applicable to their Plan.
This is an important milestone towards the resolution of historic liabilities
related to talc in the United-States. The next step in the Chapter 11 process
of the relevant talc entities will be the con?rmation hearing on the Plan by
the relevant US. District Court ( Delaware), which is expected this summer.
The world leader in mineral-based specialty solutions for industry, with EUR3.8
billion revenue and 16,400 employees in 2020, Imerys delivers high value-added,
functional solutions to diversi?ed set of industrial sectors, from processing
industries to consumer goods. The Group draws on its knowledge of applications,
technological expertise and its material science know-how to deliver solutions
based on bene?ciation of its mineral resources, synthetic minerals and
formulations. These contribute essential properties to customers' products and
performance, including refractoriness, hardness, conductivity, opacity,
durability, purity, lightness, ?ltration, absorption and repellency. Imerys
is determined to develop responsibly, in particular by fostering the emergence
of environmentally-friendly products and processes.
Analyst / Investor Relations
Vincent Gouley - +33 (0)1 4955 6469
?nance@imerys.com
Press contacts
Claire Lauvernier : +33 (0)1 4955 6665
Hugues Schmitt (DGM Conseil) : +33 (0)1 4070 1189