EP Power Minerals to acquire abrasives business of Sibelco

EP Power Minerals, a provider of power plant by-products and blasting abrasives, agreed to acquire the abrasives business of Sibelco, a material solutions company. Financial terms were not disclosed. Sibelco’s strategy prioritises global leadership in silica sand and regional leadership in clays, feldspathic minerals, olivine, and glass recycling. This transaction would provide further focus for Sibelco’s portfolio and would enable the abrasives activities to develop in a more suitable industrial environment.