Imerys Moves Forward in US Talc-Related Litigation

On November 5, 2024, the U.S. Bankruptcy Court approved the Disclosure Statement for the Plan of Reorganization of Imerys' North American talc subsidiaries. These subsidiaries are undergoing Chapter 11 bankruptcy proceedings. The approval allows the proposal to proceed to a creditor and claimant vote.

The outcome of this vote will be known in the coming months. A positive result would help move the subsidiaries closer to resolving their Chapter 11 cases fully. Imerys believes its current financial provisions are adequate to handle the expected financial impacts.

Imerys, a leading supplier of mineral-based solutions, had a revenue of €3.8 billion in 2023, with operations in 54 countries. The company focuses on providing solutions for industries like energy transition and sustainable construction. Imerys also supports decarbonization and environmentally friendly initiatives.