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ATLANTA, SPARKS, MD and SAN FRANCISCO – May 13, 2024 – J.M. Huber Corporation (“Huber”)—a company operating a diverse portfolio of businesses and one of the largest family-owned companies in the United States—announced today that through its subsidiary Huber Engineered Materials, LLC (“HEM”) it has entered into an agreement to acquire Jurassic Holdings Corp. and its subsidiaries, including Active Minerals International, LLC, (“Active Minerals” or “AMI”) from Golden Gate Capital. AMI is anticipated to become part of the Huber Specialty Minerals (“HSM") business unit within HEM, a niche materials manufacturing company within the Huber portfolio. Financial terms of the transaction were not disclosed.
Founded in 1964, AMI is a global leader in the production, supply and marketing of air-float kaolin and gelling-grade attapulgite minerals for industrial, semiconductor, agricultural and construction-related applications. AMI is headquartered in Sparks, Maryland with mines, processing plants and storage facilities in the United States, Europe, Australia and Asia. Delivering to more than 70 locations worldwide, AMI has consistently been recognized as a Top 100 U.S. Exporter by The Journal of Commerce and delivers unmatched technical expertise to help customers meet their business objectives.
“We are excited to welcome Active Minerals employees into our purpose-driven, principled culture,” said Gretchen McClain, President and CEO of J.M. Huber Corporation. “The addition of AMI to our HEM business will provide additional value to the overall portfolio and support our drive to continue to meet the needs of our customers around the globe.”
“We want to thank the entire Active Minerals organization for their collaboration and dedication,” said Javier Puig, a Managing Director at Golden Gate Capital. “During our ownership period, AMI strengthened its position through strategic talent acquisition, significantly expanded its processing and R&D infrastructure, and launched innovative products around the world. We are confident that Huber will build upon this strong foundation and support AMI’s future growth.”
The transaction will close after customary regulatory clearances and closing conditions are met.
Piper Sandler & Co. served as financial advisor and Holland & Knight LLP served as legal advisor to Golden Gate Capital and AMI. Davis Graham & Stubbs, LLP served as legal advisor to J.M. Huber Corporation.
About J.M. Huber Corporation
J.M. Huber Corporation, headquartered in Atlanta, Georgia (US), operates a diverse portfolio of companies: CP Kelco, Huber Engineered Materials, Huber Engineered Woods and Huber Resources Corp. With locations around the world, our businesses create products used in a broad range of applications including personal care, food and beverage, agricultural nutrients and adjuvants, building materials, flame retardants and smoke suppressants, as well as sustainable forestry services. Founded in 1883, Huber is one of the largest family-owned companies based in the US. For more information, visit www.huber.com.
About Huber Engineered Materials
Huber Engineered Materials (HEM), headquartered in Atlanta, Georgia (US), is a global leader in the production of calcium carbonate and sodium bicarbonate for use in a variety of health and nutrition applications, as well as construction applications, including joint compound, caulking, paints, grouts, mortars, PVC piping, concrete and more.
HEM is focused on engineered specialty chemical and minerals that enhance the performance, appeal and processing of a broad range of products used in industrial, agricultural and consumer applications and also has a portfolio of high value agricultural nutrients and adjuvants and industrial, food and USP grade calcium carbonate products. For more information, visit www.hubermaterials.com.
About Active Minerals International
Active Minerals International LLC (AMI) produces a wide range of high-quality attapulgite and air-floated kaolin clay products at multiple operations in the Southeastern United States. The award-winning company is dedicated to conserving natural resources, reclaiming mined land and leaving the Earth a better place. Through mines, processing plants and storage facilities in the United States, Asia, and Europe, AMI delivers high quality industrial mineral products that are used by industries and organizations across the world. A knowledgeable and dedicated team of geologists, engineers, chemists, sales, and customer service professionals ensure that AMI supplies high-quality, cost-effective mineral products worldwide. For more information, visit www.activeminerals.com
About Golden Gate Capital
Golden Gate Capital is a San Francisco-based private equity firm with approximately $20 billion in cumulative committed capital. With a long-term investment philosophy, the principals of Golden Gate Capital have a long history of investing across a wide range of industries and transaction types, including going-privates, corporate divestitures, and recapitalizations, as well as debt and public equity investments. For more information, visit www.goldengatecap.com.
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