AMCOL International Corporation (NYSE: ACO) today announced it has bought Australian mining rights from Phoslock Water Solutions. A processing facility, located in Miles, Queensland was also purchased which will managed & operated by Volclay Pty. Ltd.
Larry Washow, AMCOL president and chief executive officer, said, “The investment is complementary to our existing bentonite business which has been in operation for over 30 years. Acquiring these local bentonite mineral rights will not only strengthen our position in the metalcasting market, but will allow our Australian subsidiary, Volclay Pty. Ltd, the ability to grow in local construction markets and provide a valuable addition to AMCOL’s bentonite resources in the Asian region.”
Les Bone, Volclay Pty. Ltd. managing director, added, “We are excited at the opportunity to increase our service level and provide a cost-effective solution to imported bentonite. This access to high-quality bentonite enables Volclay to offer a more consistent product blend. ”
Terms of the transaction were not disclosed.

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