On January 27, 2021, the Bankruptcy Court entered an order approving the Disclosure Statement. France-based Imerys Talc America, the now-bankrupt supplier of talc for Johnson & Johnson’s iconic Johnson’s Baby Powder, is selling its North American Talc subsidiaries to Toronto, Ontario-based Magris Resources — a direct result of being implicated along with Johnson & Johnson in tens of thousands of talcum powder lawsuits alleging Johnson & Johnson’s talcum powder products … Now, the France-based industrial mineral company is selling its North American Talc Subsidiaries. Imerys, the talc mining giant and supplier of J&J, has put its North America subsidiaries on the market in order to escape further litigation from asbestos-related lawsuits. Imerys and Asbestos in Luzenac Group Talc. Imerys is a leading talc producer, supplying about 15% of the world’s talc. We believe the outcome of this sale process maximizes value of the assets to the benefit of all parties. Giorgio La Motta, President, Imerys Talc America, Imerys Talc Vermont, and Imerys Talc Canada, said, "This is a major milestone in the North American Talc Subsidiaries' path towards emergence from Chapter 11. Talc production in North America is estimated at around 500ktpy, with demand met by another 200-230kt of imports. It operates mines and processing facilities in Europe, North America, Asia and Australia. Its open-cast mine in Three Forks, Montana, is the largest talc … On May 15, 2020, Imerys Talc America, Inc. and 2 affiliated debtors (collectively, the "Debtors") filed their Plan of Reorganization and the Disclosure Statement related thereto. Imerys operates over a 100 mineral deposits worldwide yielding more than 30 different minerals, allowing us to offer you, our customers, a one-stop-shop solution to meet your needs.. Imerys SA, which mines talc used in Johnson & Johnson’s iconic Baby Powder and other products, agreed to turn over its North American operations to … Imerys Talc America has always denied that its talc products contained asbestos and stands by the safety of its products. The Group also continues to refine its responsible business activities, introducing I-Cube, an operational excellence program. The North American Talc Business is North America's premier producer of talc, which is a critical performance-enhancing ingredient used in a variety of industrial applications. Magris will become the leading talc producer in North America from mines in Montana, Vermont and Ontario. Imerys will retain its other talc interests in Europe and Asia,and will still be a significant global player. The acquisitions continue, boosting Imerys position in minerals as varied as talc and bentonite. Imerys Talc America filed for bankruptcy the same month that US District Judge Freda Wolfson issued a ruling that allowed thousands of lawsuits against Johnson & Johnson to proceed. In 2019, Imerys is further improving its organization to make it simpler, more efficient and more customer-focused.

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