Minerals Technologies Inc. Files Plan of Reorganization in BMI OldCo Chapter 11 Cases to Comply with Court Deadline
MTI filed a Plan of Reorganization for its subsidiary BMI OldCo in Chapter 11 court to satisfy a procedural deadline, though the broader dispute regarding asbestos liability remains pending in District Court. The proposed plan includes funding a Talc Personal Injury Trust with $450 million and issuing a channeling injunction to address current and future talc-related claims.
Key figures
- Q2 charge
- $290 million
- 2025 sales
- $2.1 billion
- Trust funding
- $450 million
- Waived claims
- $100 million
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