Elementis agreed to buy Amsterdam-based Mondo Minerals, a leading globally active producer of talc products, for $500 million. The terms of the Acquisition originally announced on 29 June 2018 valued Mondo at $600 million. Under the terms of the revised agreement, Elementis has agreed revised terms which value Mondo at $500 million on a cash free, debt free basis. Paul Waterman, CEO of Elementis, said: "Mondo Minerals is a high quality business with significant opportunities for future growth. Following engagement with our shareholders, we have agreed terms of a revised deal with Advent that we believe represents compelling value. We remain excited by Mondo’s prospects and the significant opportunities we believe this acquisition will unlock for Elementis."