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TOR Minerals International (OTC-Pink: TORM) has agreed to sell its Corpus Christi, Texas facility assets to United Minerals and Properties, Inc. for $2,250,000 plus inventory value. The sale includes the associated businesses of Aluminum Trihydrate and Barium Sulfate. This transaction, expected to close in Q2 2021, aims to enable TOR to focus on global specialty businesses to enhance profitability. TOR will maintain its remaining operations and its shares will continue to trade on the Pink market under the symbol TORM.
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