KaMin LLC, a U.S. kaolin producer based in Macon, Georgia, has acquired a 61.5% stake in CADAM S.A., a Brazilian kaolin producer, from Vale for $30.1 million to be paid over a five-year period. CADAM operates an open-pit kaolin mine in the state of Amapá and a beneficiation plant and private port in the state of Pará, Brazil. The mine and the plant are linked via a 5.8-km pipeline. CADAM also has offices and warehouses in Antwerp, Belgium, and Shanghai, China.
KaMin has kaolin plants in Macon, Sandersville and Wrens, Georgia.
KaMin and CADAM both supply premium kaolin clays to the paper industry. KaMin’s products are also used in many non-paper applications, including ink, rubber, plastics, adhesives and paints. “We look forward to working with CADAM to enhance their offerings to other markets beyond paper and believe that in doing so we will be able to deliver value to CADAM’s shareholders and customers,” KaMin Vice President Technology and Business Development Doug Carter said.
A Vale announcement said, “The sale of CADAM is part of our continuous efforts to optimize the asset portfolio. Together with the sale of Pará Pigmentos S.A. (PPSA) in 2010, it consolidates Vale’s divestiture of the kaolin business.”