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Essential Solutions.

MTI delivers technology-driven solutions that enhance the essentials of daily life for people around the world.
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Enhanced Products
for Consumer-
Driven End Markets.

Mineral-to-market and functional additive solutions for a variety of consumer and industrial goods.
Consumer & Specialties

Specialized Solutions To Improve Manufacturing Processes.

Advanced technologies for foundry, steelmaking, environmental, and infrastructure applications.
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From responsible resource use to products with sustainable benefits, people and the planet are at the center of everything we do.
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EPA announces standard for drinking water. Read more about MTI's technologies and solutions. 

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MTX Share price $71.61 +0% 04.19.2024 — 16:10 (EST)
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Consumer & Specialties

Our mineral-to-market products and specialty additives touch millions of lives every day through a wide variety of household, personal care, and industrial goods.

Consumer & Specialties
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Engineered Solutions

Improve your manufacturing processes and projects with advanced technologies for foundry, steelmaking, environmental, and infrastructure applications.

Engineered Solutions
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Driven by Technology. Powered by Possibility.

We’re inspired problem-solvers. Our teams deliver deep expertise and dedicated partnership to help you sustainably achieve your goals today and unlock new opportunities for tomorrow.

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MTI Newsroom

Explore our latest company highlights and news releases.

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Minerals Technologies Inc. Announces Plan to Exit Talc Business

Jun 26, 2023, 18:00 PM

NEW YORK, June 26, 2023 – Minerals Technologies Inc. (NYSE: MTX) (“MTI” or “the Company”) today announced that its subsidiary, Barretts Minerals Inc. (“BMI”), will exit the talc business. This decision comes at the conclusion of a strategic review of the BMI business, including a thorough evaluation of its fit with the Company’s long-term priorities amidst the backdrop of a talc-related litigation environment. In 2022, BMI’s talc net sales were approximately $57 million and represented 2.7 percent of the Company’s consolidated revenue.

To facilitate this decision, BMI is now exploring structural alternatives, including a potential sale of talc assets, and has engaged Jefferies LLC to manage the divestment process. BMI has active mine sites and claims in Montana and manufacturing facilities in Montana and Texas. BMI sells premium quality talc primarily into automotive plastics, catalytic converters, polymeric films, and paints and coating markets. BMI intends to operate its current business in the ordinary course during this process and does not anticipate any disruption to its customers during this assessment and transition.

Investor Contact:
Lydia Kopylova, (212) 878-1831
Media Contact:
Jennifer Albert, (212) 878-1840


FORWARD-LOOKING STATEMENTS

This press release may contain "forward‐looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements provide current expectations and forecasts of future events such as new products, revenues and financial performance, and are not limited to describing historical or current facts. They can be identified by the use of words such as “believes,” “expects,” “plans,” “intends,” “anticipates,” and other words and phrases of similar meaning. Forward-looking statements are necessarily based on assumptions, estimates and limited information available at the time they are made. A broad variety of risks and uncertainties, both known and unknown, as well as the inaccuracy of assumptions and estimates, can affect the realization of the expectations or forecasts in these statements. Actual future results may vary materially. Significant factors that could affect the expectations and forecasts include worldwide general economic, business, and industry conditions; the cyclicality of our customers’ businesses and their changing regional demands; our ability to compete in very competitive industries; consolidation in customer industries, principally paper, foundry and steel; our ability to renew or extend long term sales contracts for our satellite operations; our ability to generate cash to service our debt; our ability to comply with the covenants in the agreements governing our debt; our ability to effectively achieve and implement our growth initiatives or consummate the transactions described in the statements; our ability to successfully develop new products; our ability to defend our intellectual property; the increased risks of doing business abroad; the availability of raw materials and access to ore reserves at our mining operations, or increases in costs of raw materials, energy, or shipping; compliance with or changes to regulation in the areas of environmental, health and safety, and tax; claims for legal, environmental and tax matters or product stewardship issues; the continuing effects of the COVID-19 pandemic and the resulting preventative measures; operating risks and capacity limitations affecting our production facilities; seasonality of some of our businesses; cybersecurity and other threats relating to our information technology systems; and other risk factors and cautionary statements in our 2022 Annual Report on Form 10‐K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other reports filed with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update any forward‐looking statement, whether as a result of new information, future events, or otherwise.

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Mineral-to-Market Capabilities. Strategic Global Locations.

MTI’s unique vertical integration provides streamlined supply chain capabilities from mine to market, with strategically located global production capabilities in 32 countries and R&D facilities in 12 countries.

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In our people-centered culture, the voices of our employees are heard, their diversity is celebrated, and their safety and well-being is our top priority. We’re committed to offering opportunities for growth and clear career paths to progression.

Our teams make a real impact working on products and services the world depends on. Come join us—and become an essential part of millions of lives every day.

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