Minerals Technologies Inc.

Minerals Technologies Inc.

Minerals Technologies Inc.

Overview
Date Founded

1968

Headquarters

622 THIRD AVENUE, 38TH FLOOR, NEW YORK, NY, 10017

Type of Company

Public

Employees (Worldwide)

3,720

Industries

Chemicals
Industrial Machinery & Manufacturing
Engineering, Construction & Architecture

Company Description

Minerals Technologies, Inc. develops, produces, and markets specialty mineral, mineral-based, and synthetic mineral products. It operates through the following four segments: Performance Materials, Specialty Minerals, Refractories and Energy Services. The Performance Materials segment supplies bentonite and bentonite-related products, chromite and leonardite. The Specialty Minerals segment produces and sells the synthetic mineral product precipitated calcium carbonate and processed mineral product quicklime, and mines mineral ores then processes and sells natural mineral products, primarily limestone and talc. The Refractories segment produces monolithic and shaped refractory materials and specialty products, also provides services and sells application and measurement equipment, and calcium metal and metallurgical wire products. The Energy Services segment provides services to improve the production, costs, compliance, and environmental impact of activities performed in oil and gas industry. The company was founded on February 19, 1968 and is headquartered in New York, NY.

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Executives & Employees

Chief Executive Officer

Interim Co-Chief Executive Officer

Senior Vice President, Finance & Treasury & Chief Financial Officer

Corporate Controller & Chief Accounting Officer

Senior Vice President & Director, MTI Supply Chain & Head of Global Operations, Performance Materials

Group President, Specialty Minerals & Refractories

Group President, Performance Materials

Vice President & Managing Director Energy Services

Vice President & Managing Director, Minteq International Inc

Board of Directors

Former Chairman & Chief Executive Officer at Bethlehem Steel Corp.

President, Operating Unit at AMI Industries, Inc.

Former Executive Vice President-Chemicals at Axiall Corp.

Professor at University of Michigan

President & Director at Loma Negra Compañía Industrial Argentina SA

Senior Vice President-Enterprise Strategy at Aetna International, Inc.

Chief Executive Officer at Minerals Technologies Inc.

Chief Accounting Officer & Senior Vice President at Maxar Technologies, Inc.

Provost & Senior Vice President for Research at University of Rochester

Former Analyst at Morgan Stanley & Co. LLC

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Minerals Technologies Inc.
Owners & Shareholders
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Royce & Associates invests clients' assets primarily in the equity securities of US and foreign companies at all capitalization levels using its disciplined valuation-based investment approach. A significant portion of clients' assets are invested in the securities of micro-, small-, and mid-cap companies. Royce's value approach is based on their belief that the securities of certain micro-, small-, or mid-cap companies may sell at a discount from the firm's estimate of the companies' current worth. The firm seeks to identify and invest in these companies with the expectation that the value discount will narrow over time and thus provide capital appreciation for their clients. Investments may include purchases of securities offered in initial public offerings, secondary offerings, private placements, long and/or short positions in US and non-US publicly issued and non-public common stocks, ADRs, preferred stocks, stock warrants and rights, bonds of all types, including distressed and defaulted bonds, notes or other debentures, debt participations or bank debt, convertible securities, distressed securities, partnership interests, swaps, participation notes, derivative contracts and structured notes, and other securities or financial instruments. Royce & Associates may also invest a portion of the assets of certain accounts in ETFs, closed-end funds, money market funds and other funds. The firm's team of portfolio managers has significant personal investments in the strategies they manage.

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Silvercrest Asset Management Group is an independent, employee-owned, registered investment advisor which provides asset management and family office services to families and select institutional investors. Silvercrest combines the client-focused service which was the hallmark of private banks and investment counsel firms in an earlier age with state of the art theories of portfolio construction, risk management and diversification. Silvercrest's professionals have dedicated their careers to wealth management and our Managing Directors, who average more than 25 years of wealth management experience, have advised their clients through the boom of bull markets and the gloom of bear markets. We are not swayed by market manias. We are only interested in seeing our clients' assets invested in a manner consistent with their tolerance for risk. Silvercrest currently advises on $11.2 billion* for a clientele comprised primarily of families, as well as endowments, foundations and other institutional investors. Silvercrest's family office, advisory and investment capabilities are available to clients interested in investing substantial assets. Silvercrest is free from the numerous conflicts of interest inherent to larger organizations. Our size, our employee ownership and our collegial culture-coupled with the spirit, camaraderie and character of our organization-stand in sharp contrast to much of Wall Street and the financial services industry. We enjoy working with one another and we enjoy working with our clients. The quality, integrity and independence of our advice, coupled with our unwavering commitment to client service, sets us apart in a crowded field.

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Investment Counselors of Maryland (ICM) offers clients value investment solutions across the market-cap spectrum. In doing so, the firm utilizes two distinct investment processes. Both approaches employ a value-oriented investment method with a focus on fundamental analysis. ICM attempts to measure the value of a security by looking at economic and financial factors including the overall economy, industry conditions, and the financial condition and management of the company itself, to determine if the company is underpriced or overpriced. These two strategies include: Small Cap, SMID Cap & Mid-Cap Value and Large Cap Value.In selecting investments for their Small Cap, SMID Cap & Mid-Cap Value strategies, ICM seeks to invest in companies that they estimate to be undervalued that also possess leading market share positions, shareholder-oriented management teams, and strong balance sheets and cash flow ratios. Usually, the shares of the companies they buy are selling at a price-to-earnings ratio below the average price-to-earnings ratio of the stocks in the broad capitalization-specific indices (i.e. Russell 2000 , Russell 2500 and Russell Midcap). The companies usually have higher return-on-equity and return-on-capital than the average company in those same indices. Using screening parameters such as price-to-earnings, relative return-on-equity and other financial ratios, ICM screens the universe of investments to identify potentially undervalued securities. They further narrow the list of potential investments through traditional fundamental security analysis.For their Large Cap Value strategy, ICM seeks to identify companies that are well-capitalized with sustainable competitive advantages and strong management teams. Using various screening parameters, they seek to identify potentially undervalued securities. ICM further narrows the list of potential investments through traditional fundamental security analysis. Investment are chosen once ICM is convinced the securities are undervalued and after they have attempted to discover a positive inflection point in the company's business momentum. ICM's primary focus is to confirm the competitive position of the company and that it is sufficiently undervalued based on historical valuation parameters, given their projected estimates for earnings and free-cash-flow.

Recent Transactions
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Minerals Technologies Inc. purchases Sivomatic Holding BV

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Minerals Technologies Inc. purchases AMCOL International Corp.

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Minerals Technologies Inc., Minteq International, Inc. purchase ASMAS Agir Sanayi Makinalari AS

Insider Transactions
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Transaction Advisors
Accountant

Advised onMinerals Technologies Inc., Barretts Minerals, Inc. purchase Polar Minerals, Inc.

Investment Advisor

Advised onMinerals Technologies Inc. purchases AMCOL International Corp.

Public Relations

Advised onMinerals Technologies Inc. purchases AMCOL International Corp.

Legal Advisor

Advised onMinerals Technologies Inc. purchases AMCOL International Corp.

Associate

Advised onMinerals Technologies Inc. purchases AMCOL International Corp.

Chair, Antitrust Practice

Advised onMinerals Technologies Inc. purchases AMCOL International Corp.

Advisors & Consultants
Legal Advisor

Partner at Cravath, Swaine & Moore LLP

Real Estate Agent

Director at Colliers International

Clients

Founded in 1964, Cascades produces, converts and markets packaging and tissue products that are composed mainly of recycled fibres. The Company employs 11,000 employees, who work in close to 90 production units located in North America and Europe. With its management philosophy, half a century of experience in recycling, and continuous efforts in research and development as driving forces, Cascades continues to deliver the innovative products that customers have come to rely on.

International Paper is a global leader in the paper and packaging industry and supplies a wide range of products that people rely on every day. Its businesses include uncoated papers and industrial and consumer packaging, complemented by xpedx, the company's North American distribution company. International Paper has operations, including pulp and paper mills and converting and packaging plants, in North America, Europe, Latin American, Russia, India, Asia and North Africa. The company employs approximately 70,000 people in more than 24 countries. International Paper net sales for 2011 were $26 billion. Temple-Inland Inc., which was acquired in February 2012, had 2011 net sales of $4 billion. International Paper stock is traded internationally on the New York Stock Exchange. At International Paper, our vision is to be one of the best and most respected companies in the world. A company of substance in everything we do, from the products we make, to investing in communities, to protecting our environment, International Paper supports communities where its employees live and work. Through the International Paper Foundation and regional foundations established in Poland and Brazil, International Paper conducts philanthropic activities that provide more than $10 million annually around the globe. Through the Foundation, International Paper employees work to give their money and time to make people’s lives and the communities where International Paper operates even better. The strength and ideals of our people also enhance our company’s commitment to stewardship all over the world. International Paper received the prestigious Climate Leadership Award by the U.S. Environmental Protection Agency (EPA), the Association of Climate Change Officers (ACCO), the Center for Climate and Energy Solutions (C2ES), and The Climate Registry (TCR). International Paper was recognized for aggressively managing and reducing green house gas (GHG) emissions. In addition, International Paper supports all credible third-party certification programs including: Forest Stewardship CouncilTM (FSC®), Sustainable Forestry Initiative® (SFI®), Programme for the Endorsement of Forest Certification (PEFC®) As global leaders in the paper, packaging and distribution industry, we provide sustainable solutions to meet the needs of businesses and customers worldwide. Our success is driven by the integrity of our people and their commitment to doing what’s right.

We operate the following business segments: Pulp and Paper, Distribution and Personal Care. We had revenues of $5.6 billion in 2011, of which approximately 85% was from the Pulp and Paper segment, approximately 14% was from the Distribution segment and approximately 1% was from the Personal Care segment. Our Personal Care segment was formed on September 1, 2011, upon completion of the acquisition of Attends. Pulp and Paper We produce 4.3 million metric tons of hardwood, softwood and fluff pulp at 12 of our 13 mills. The majority of our pulp is consumed internally to manufacture paper and consumer products, with the balance being sold as market pulp. We also purchase papergrade pulp from third parties allowing us to optimize the logistics of our pulp capacity while reducing transportation costs. We are the largest integrated marketer and manufacturer of uncoated freesheet paper in North America. We have 10 pulp and paper mills (8 in the United States and 2 in Canada), with an annual paper production capacity of approximately 3.5 million tons of uncoated freesheet paper. Our paper manufacturing operations are supported by 15 converting and distribution operations including a network of 12 plants located offsite of our paper making operations. Also, we have forms manufacturing operations at one offsite converting and distribution operations and two stand-alone forms manufacturing operations. Approximately 78% of our paper production capacity is in the U.S., and the remaining 22% is located in Canada. We produce market pulp in excess of our internal requirements at our three non-integrated pulp mills in Kamloops, Dryden, and Plymouth as well as at our pulp and paper mills in Espanola, Ashdown, Hawesville, Windsor, Marlboro and Nekoosa. We have the capacity to sell approximately 1.7 million metric tons of pulp per year depending on market conditions. Approximately 43% of our trade pulp production capacity is in the U.S., and the remaining 57% is located in Canada

Key Stats and Financials As of 2018
Market Capitalization
$1.83B
Total Enterprise Value
$2.66B
Earnings Per Share
$4.75
Revenue
$1.81B
Net Profit
$169M
EBITDA
$351M
EBITDAMargin
19.4%
Total Debt
$1.02B
Total Equity
$1.39B
Enterprise Value Sales
1.47x
Enterprise Value EBITDAOperating
7.6x
TEVNet Income
15.76x
Debt TEV
0.38x
Three Year Compounded Annual Growth Rate Of Revenue
0.19%
Five Year Compounded Annual Growth Rate Of Revenue
12.16%
Suppliers
Merafe Resources Ltd. Non-Energy Mining & Minerals | Bryanston, GT

Merafe Resources Ltd. engages in the production and marketing of ferrochrome to the stainless steel industry through the Xstrata-Merafe Chrome Venture. It operates through its subsidiaries, Merafe Ferrochrome and Mining Proprietary Ltd. and through a pooling and sharing venture with Glencore Operations South Africa Proprietary Limited, participates in chrome mining and the beneficiation of chrome ore into ferrochrome. The company was founded by Terence Michael Mcconnachie on July 24, 1987 and is headquartered in Gauteng, South Africa.

Glencore Plc Coal | Baar, ZG

Glencore Plc engages in the production and marketing of metal, mineral, and energy and agricultural commodities. It operates through following segments: Metals and Minerals, Energy Products, Agriculture Products, and Corporate and Other. The Metals and Minerals segment offers zinc, copper, lead, alumina, aluminum, ferroalloys, nickel, cobalt and iron ore. The Energy Products segment provides crude oil, oil products, steam coal and metallurgical coal. The Agriculture Products segment produces wheat, corn, canola, barley, rice, oil seeds, meals, edible oils, biofuels, cotton and sugar. The Corporate and Other segment represents unallocated group related expenses. Glencore was founded in 1974 and is headquartered in Baar, Switzerland.

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