Czech Republic based Draslovka as has completed the acquisition of the Mining Solutions business of The Chemours Company for a total consideration of $521 million. This completion makes Draslovka the world’s largest producer of solid sodium cyanide and a global leader in the manufacture, technological development, and distribution of hydrogen cyanide based specialty chemical products. The Company now has operations on three continents Europe, the Americas, and Australasia enabling it to provide a best-in-class service to its customers in the mining, agriculture, and diversified industrials sectors across the world.Draslovka plans to continue its growth trajectory with this enlarged global platform supporting further strategic M&A as well as organic growth as the Company looks to capitalise on a range of opportunities for international expansion, with demand for next-generation CN-based specialty chemical products – such as EDN®, an ozone-friendly alternative to methyl bromide – continuing to increase.Draslovka raised a $348 million syndicated Term Loan B in November via sole bookrunner J.P. Morgan to support the acquisition of Chemours Mining Solutions business. The Term Loan B and equity from the existing shareholders will be used to fund the acquisition.Draslovka operates in three areas:1. Chemical Specialities – utilizing cyanide-based molecules for a variety of industrial and pharmaceutical applications.2. Agriculture Solutions – producing sustainable fumigants, fertilizers and growth regulators, which help to increase crop yields.3. Mining Solutions – producing and supplying high quality CN-based products and services to the mining industry worldwidehttps://mms.businesswire.com/media/20211201006166/en/932176/23/Draslovka.jpg
Czech Republic based Draslovka as has completed the acquisition of the Mining Solutions business of The Chemours Company for a total consideration of $521 million. This completion makes Draslovka the world’s largest producer of solid sodium cyanide and a global leader in the manufacture, technological development, and distribution of hydrogen cyanide based specialty chemical products. The Company now has operations on three continents Europe, the Americas, and Australasia enabling it to provide a best-in-class service to its customers in the mining, agriculture, and diversified industrials sectors across the world.Draslovka plans to continue its growth trajectory with this enlarged global platform supporting further strategic M&A as well as organic growth as the Company looks to capitalise on a range of opportunities for international expansion, with demand for next-generation CN-based specialty chemical products – such as EDN®, an ozone-friendly alternative to methyl bromide – continuing to increase.Draslovka raised a $348 million syndicated Term Loan B in November via sole bookrunner J.P. Morgan to support the acquisition of Chemours Mining Solutions business. The Term Loan B and equity from the existing shareholders will be used to fund the acquisition.Draslovka operates in three areas:1. Chemical Specialities – utilizing cyanide-based molecules for a variety of industrial and pharmaceutical applications.2. Agriculture Solutions – producing sustainable fumigants, fertilizers and growth regulators, which help to increase crop yields.3. Mining Solutions – producing and supplying high quality CN-based products and services to the mining industry worldwidehttps://mms.businesswire.com/media/20211201006166/en/932176/23/Draslovka.jpg
