Minerals Technologies Inc. has filed a Plan of Reorganization in the Chapter 11 cases of its subsidiaries BMI OldCo Inc. and its affiliated debtors to meet a court-imposed deadline. The plan proposes funding a Talc Personal Injury Trust with $450 million from non-debtor affiliates to pay current and future talc-related claims, along with a channeling injunction and a waiver of over $100 million in claims against the debtors. The filing is procedural, as the broader dispute remains before the U.S. District Court for the Southern District of Texas, which is set to determine whether any talc sold by BMI OldCo contained asbestos capable of causing disease. MTI will record a $290 million charge in the second quarter of 2026 to increase its reserve for estimated costs.
Minerals Technologies IncCompany will record a $290 million charge in Q2 2026 to increase talc-related reserve.