In October 2011, Advent International completed its acquisition of the second largest global talc producer, Mondo Minerals Holding B.V.
Mondo Minerals (“Mondo”) is the second largest producer of talc globally, with a strong presence in Europe. The Company is a leading supplier of talc for paper, paints & coatings, and plastics applications and has a growing presence in a range of niche end-markets including technical ceramics, food, and personal care. Mondo, which is headquartered in Amsterdam, has a secure and well-placed talc ore reserve base in Finland with an estimated resource life of well over 70 years. The company has state of the art processing facilities in both Finland and The Netherlands.
There is a strong and growing demand for talc, driven by coating applications in the paper industry, by plastic applications in the household goods and automotive industries, and by growth derived from the development of paints & coating applications. Mondo is well placed to meet this demand as well as that for other niche applications and has proven its ability to adjust as the marketplace changes.
Advent will actively support Mondo’s organic and acquisitive growth plans as well as its plans to penetrate new segments and grow internationally with a particular focus on high-value, high-growth sectors and emerging markets.