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Chemical Management

The Chemours Company Agrees to Sell its Mining Solutions Business to Draslovka for $520 Million

The Chemours Company, a global chemistry company with market leadership positions in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, has entered into a definitive agreement to sell its Mining Solutions business to Draslovka Holding a.s. for $520 million in cash (representing 10 times 2020 Adjusted EBITDA)1. Subject to regulatory approvals and other normal closing conditions, the deal is anticipated to complete in the fourth quarter of 2021.

Chemours' financial adviser is Gordon Dyal & Co. Advisory Group LP, while its legal advisor is Wachtell, Lipton, Rosen & Katz. Draslovka's transactional adviser and financing arranger is J.P. Morgan, its legal counsel is Dentons, and its financial and tax advisor is PwC.

About The Chemours Company
The Chemours Company is a global leader in Titanium Technologies, Thermal & Specialized Solutions, Advanced Performance Materials, and Chemical Solutions, offering market-defining products, application expertise, and chemistry-based breakthroughs to clients across a wide variety of sectors. We provide a customized solution using diverse industrial and specialty chemicals for markets such as coatings, plastics, refrigeration, air conditioning, transportation, semiconductor and consumer electronics, general industrial, mining, and oil and gas. Ti-Pure, Opteon, Freon, Teflon, Viton, Nafion, and Krytox are some of our most well-known names. In addition, Chemours was named one of America's Most Responsible Companies by Newsweek in 2019. The company employs approximately 6,500 employees and has 30 production facilities, servicing approximately 3,300 clients in 120 countries. Chemours' headquarters are located in Wilmington, Delaware.

About Draslovka Holding a.s.
Draslovka Holding a.s. is a global leader in cyanide-based chemical specialties and agricultural chemicals such as next-generation fumigants and biocides. It is a private holding company located in the Czech Republic owned by four Czech families that operate together through dp partners, a leading family office situated in Prague. Draslovka has over 100 years of experience producing hydrogen cyanide (HCN) and HCN chemistry and specializes in the production of completely synthetic and highly purified liquid HCN, which is then processed for use in a range of downstream products ranging from mining to agriculture. Draslovka aims to be a global leader in the manufacturing of cyanides for use in synthesis, mining, and industrial and agricultural applications.

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