SIM was a wholly-owned subsidiary of Southern Ionics Incorporated, a privately held inorganic chemical manufacturer based in West Point, Mississippi.
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, Georgia, 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.