Imerys Talc America debtors post operating results for March

By Sarah Lizee

Olympia, Wash., April 22 – Imerys Talc America, Inc. and its affiliated debtors reported a $627,854 operating loss for March on zero total revenue, according to a monthly operating report filed Monday with the U.S. Bankruptcy Court for the District of Delaware.

To compare, the debtors reported a $3,237 operating profit for February on $30,318 of total revenue.

The net loss for March was $2.4 million, compared to a net loss of $1.51 million in February.

The debtors had cash and cash equivalents of $125.86 million at the end of March, down from $128.26 million at the end of February.

Imerys SA is a Paris-based producer of industrial materials. Its subsidiaries filed bankruptcy on Feb. 13, 2019 under Chapter 11 case number 19-10289.

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