BASF and Applied Minerals Sign Purchase and Supply Agreement
November 6, 2017
BASF and Applied Minerals, Inc. have entered into a global co-exclusive purchase and supply agreement to commercialize and market halloysite clay-based products within select global markets. Applied Minerals will exclusively supply halloysite clay to BASF to develop and sell co-branded halloysite clay-based products to key BASF markets, including paints and coatings, inks, rubber, adhesives, paper and ceramic honeycomb catalytic substrates. BASF will market halloysite clay-based products under a BASF trade name to customers worldwide, with profits to be shared by both companies.
BASF and Applied Minerals have also entered a tolling agreement where BASF will provide specialized toll manufacturing to complement Applied Minerals’ current halloysite production capabilities.
“Our customers will benefit by having access to a broader portfolio that includes halloysite clay, a high-performance mineral additive, and our line of high-quality kaolin-based pigments and functional extenders,” said Dr. Shane Porzio, vice president of BASF Kaolin Business.
“Applied Minerals’ halloysite clay offers a wide array of functionality to applications and markets in which BASF is a proven global leader. Our deep knowledge of the unique properties of halloysite clay, combined with BASF’s expertise and reach, will promote product development and market penetration while providing customers access to our combined solutions,” said Andre Zeitoun, president and CEO of Applied Minerals.