Shearman And Sterling

News October 14, 2020

Magris Resources Canada’s Acquisition of Imerys Assets

Shearman & Sterling represented firm Magris Resources Canada Inc. in connection with its definitive agreement to acquire substantially all of the assets of Imerys Talc America Inc., Imerys Talc Vermont Inc. and Imerys Talc Canada Inc. (collectively, the “North American Talc Business”) for $223 million. 


The North American Talc Business is the region’s premier producer of talc, a critical performance-enhancing ingredient used in a variety of industrial applications. Its operations consist of three long-life mines and six processing facilities located in the U.S. and Canada.


Magris was founded in 2012 by Aaron Regent to acquire, develop and operate industrial minerals and mining assets on a global basis. Magris owns and operates Niobec, a Quebec-based producer of niobium, a critical element used in the production of high-strength, low-alloy steels.


Our firm has become the preeminent legal advisor on cross-border U.S. and Canada M&A transactions, working with world-class clients including the Canada Pension Plan Investment Board, Caisse de dépôt et placement du Québec, the Ontario Municipal Employees Retirement System; TELUS and TELUS Int’l, Fairfax Financial, El Dorado Gold and Magris Resources.


The Team