MTX News & Events

Minerals Technologies announced that, together with certain of its affiliates, it has filed a Plan of Reorganization in the Chapter 11 cases of its subsidiaries BMI OldCo and its affiliated debtors pending before the U.S. Bankruptcy Court for the Southern District of Texas. The Parent Plan would present a viable, efficient, and advantageous resolution of these Chapter 11 cases, providing claimants with significant recoveries while bringing the proceedings to an orderly and expeditious conclusion. Importantly, while the Parent Plan is a serious, good faith, and confirmable proposal, today's filing is a procedural step to satisfy a deadline imposed by the Bankruptcy Court. The broader dispute regarding these cases remains pending before the U.S. District Court for the Southern District of Texas, which on June 22, 2026 adopted the Bankruptcy Court's recommendation that the District Court determine the threshold issue of whether any talc sold by BMI OldCo contained sufficient quantity and form of asbestos to potentially cause asbestos-related diseases. The District Court proceedings are ongoing. MTI looks forward to a judicial forum to prove that the lawsuits against BMI OldCo are meritless and that all talc sold by BMI OldCo is and always has been safe. According to the Bankruptcy Court's recommendation to the District Court, the Chapter 11 process - including the Plan confirmation process - should be abated until the District Court makes a final determination on the central issue of these cases.

Reports Q1 revenue $546.9M, consensus $515.62M. "In the first quarter, our sales grew by double digits across multiple businesses, underscoring the momentum we have built in recent quarters. Supported by our innovation pipeline and recent growth investments, we expect this momentum to continue through the year," said Douglas T. Dietrich, MTI's Chairman and Chief Executive Officer. "Recent geopolitical events presented new challenges; however, consistent with our track record, our teams moved quickly to make the necessary adjustments to navigate higher global energy costs."

Minerals Technologies announced an expansion of its paper and packaging business in Asia that included the startup of three new satellite plants in 2025, the doubling of capacity at an existing satellite, and the expected commissioning of an additional new satellite in early 2026. In 2025, the company expanded its existing footprint in Asia by launching two new satellites in China and one in India, as well as doubling the capacity of a plant in India. An additional new satellite in China is expected to launch in early 2026. In Asia overall, MTI operates in China, India, Indonesia, Japan, and Thailand.