Amcol acquires stake in Bentonit Group

June 7, 2008

June 7th (CNN Money) – Specialty minerals company Amcol International Corp. said Friday it acquired a 25 percent minority stake in Russia’s Bentonit Group of companies.

Financial terms were not disclosed. Moscow-based Bentonit focuses on the Russian bentonite market for iron ore pelletizing, foundry and drilling clays. Its reserves are located in the Ural and Siberia regions of Russia, along with as Azerbaijan.

Amcol said the investment gives it a foothold in a geographically important area with growing economies. Amcol shares fell 12 cents to close at $31.60.


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: