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BP To Divest Specialty Mining Chemicals Company

BPhave announced that they have agreed to terms with Close Brothers Private Equity, to sell Fosroc Mining for £32 million in cash and assumed debt. The deal is expected to be completed during the first quarter of 2003, pending regulatory approvals.

Fosroc Mining is the specialty mining chemical business of Burmah Castrol, which was acquired by BP in 2000. It is also the last part of the Burmah Castrol specialty chemicals business to be divested by BP.

Fosroc Mining have 13 manufacturing sites in 7 countries, with the main ones located in USA, Germany, Australia, South Africa and Poland.

他们是采矿行业供应特种化学品和消耗品的领导者。产品线包括树脂胶囊,注入灌浆和其他消耗品。

For more information on themining industry, clickhere.

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