MTI subsidiary BMI completes sale of talc assets to Riverspan for $32M

MINERALS TECHNOLOGIES INC

Barretts Minerals Inc. sold talc assets to Riverspan Partners for $32 million; proceeds fund Chapter 11 case.
Sale approved by Bankruptcy Court March 25, 2024; includes assumption of certain liabilities.
Proceeds will repay debtor-in-possession funding and help create a section 524(g) trust.
MTI Chairman says sale is key step in exiting talc business; no other MTI units affected.
Riverspan expects to continue Barretts Minerals brand, invest in growth.

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