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People & Business :: M&A

Sojitz Acquires Stake in Mexican Barite Producer, Diversifies Sources of Supply

3:28 AM MDT | July 13, 2012 | Natasha Alperowicz

Sojitz Corp. (Tokyo) is acquiring a 49% stake in CPC Mineria (Mexico City), a holder of barite exploration rights in Mexico, from privately owned Chemical Products Corporation (CPC; Cartersville, GA), and plans to manufacture and sell high-purity barite. Operation is scheduled to begin in the summer of 2013, with integrated ore extraction and refining at the Sonora, Mexico mine. The project will give Sojitz an alternative source of supply of barite to its existing exports from China and provide a stable source of supply to North America and Japan.   Barite...

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