TOR Minerals International Inc (TORM) News

TOR Minerals International Inc (TORM): $2.30

0.10 (+4.55%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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Latest TORM News From Around the Web

Below are the latest news stories about Tor Minerals International Inc that investors may wish to consider to help them evaluate TORM as an investment opportunity.

TOR Minerals International Announces Sale of Corpus Christi Assets

TOR Minerals International, Inc. (OTC-Pink: TORM), global producer of high performance specialty minerals products, has agreed to sell the operational assets of its Corpus Christi, Texas facility, subject to certain excluded assets, to United Minerals and Properties, Inc. d/b/a Cimbar Performance Minerals, Inc. Along with the facility assets, TOR will also sell to Cimbar the associated businesses of Aluminum Trihydrate (ATH) and Barium Sulfate (Barite). The purchase price for the included assets is $2,250,000 plus the inventory value of raw materials, intermediate and finished goods, and consumable materials. Subject to satisfaction of applicable closing conditions, the transaction is expected to close in the second quarter of this year.

Yahoo | March 17, 2021


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