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The acquisition includes a mineral sands processing plant and an existing mine site – both in GA – as well as administrative offices in FL.
August 5, 2019
By: Anthony Locicero
The Chemours Company announced the acquisition of Southern Ionics Minerals, LLC, a minerals exploration, mining, and manufacturing company headquartered in Jacksonville, FL. SIM was a wholly-owned subsidiary of Southern Ionics Incorporated, a privately held inorganic chemical manufacturer based in West Point, MS.
SIM mines and processes titanium and zirconium mineral sands from a similar geological formation as those produced by Chemours at the company’s existing mineral sands mine in Florida. This acquisition nearly doubles capacity. The acquisition includes a mineral sands processing plant in Offerman, GA, an existing mine site in Charlton County GA, and administrative offices in Jacksonville. With this transaction completed, SIM becomes a wholly-owned subsidiary of The Chemours Company. It will be integrated into existing Chemours operations.
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