Elementis sells Talc business to IMI Fabi for USD 121M

ITALY – Elementis, a UK-based global speciality chemicals company, has finalized the sale of its Talc business to IMI Fabi, an Italian talc manufacturer, for an enterprise value of USD 121 million. 

This strategic divestment marks a significant milestone in Elementis’ transformation into a pure-play speciality chemicals leader, allowing the company to sharpen its focus on high-margin coatings and personal care markets.

The transaction comes after a strategic review initiated in August 2024, which assessed whether the Talc business would be best retained within Elementis or divested to maximize its potential. 

The company concluded that the sale to IMI Fabi represented the best outcome for all stakeholders, ensuring continuity for employees and customers while optimizing Elementis’ portfolio.

With the completion of the sale, all sites, employees, assets, and liabilities associated with the Talc business will transition to IMI Fabi’s ownership. 

The acquisition strengthens IMI Fabi’s global presence in the talc industry, reinforcing its commitment to high-quality mineral solutions.

Luc van Ravenstein, CEO of Elementis, stated, “We are confident that the combination with IMI Fabi represents the right outcome for the business and best serves the long-term interests of its customers and employees.”

“The Transaction marks a new chapter in the Group’s transformation into a pure-play speciality chemicals leader, enabling us to focus on and grow our Coatings and Personal Care businesses where we see the greatest potential for profitable, cash-generative growth.” 

Elementis expects the disposal to improve its adjusted operating profit margin by approximately 240 basis points and accelerate the achievement of its 2026 financial targets2. 

In addition to the sale, Elementis has announced a USD 50 million share buyback program, which is set to commence as soon as practicable. This move underscores the company’s confidence in its streamlined operations and commitment to delivering shareholder value.

This sale positions Elementis as a more agile and focused speciality chemicals company, reinforcing its strategic priorities while allowing IMI Fabi to expand its talc expertise and market reach.

Recently, Elementis appointed Luc van Ravenstein as its new CEO, effective April 29, 2025.

Van Ravenstein succeeds Paul Waterman, who is stepping down after leading the company through a transformative period.

Outgoing CEO Paul Waterman will remain available for transition support until July 2025, ensuring a seamless leadership handover. 

Waterman’s tenure was marked by portfolio optimization, strategic acquisitions, and sustainability initiatives, setting the foundation for Elementis’ future.

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