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2014-05-09

Minerals Technologies Inc: Minerals Technologies Completes Acquisition of AMCOL International

NEW YORK, NY -May 9, 2014-Minerals Technologies Inc. (NYSE: MTX) today
announced the completion of its acquisition of AMCOL International
Corporation (NYSE: ACO). Following the completion of its successful tender
offer to purchase all outstanding AMCOL shares for $45.75 per share in cash,
Minerals Technologies Inc. (MTI) acquired all remaining AMCOL shares through
a merger under Section 251(h) of the General Corporation Law of the State of
Delaware.

At the effective time of the merger, all remaining shares of AMCOL common
stock not tendered into the tender offer and not owned by MTI were converted
into the right to receive $45.75 in cash, which is the same price that was
paid in the tender offer. As a result of the transaction, AMCOL has become a
wholly owned subsidiary of MTI.

"Our combined company is now a more diversified, global leader in industrial
minerals with strong market positions in both bentonite and precipitated
calcium carbonate. We are competitively poised for further growth in our
current markets and through new product innovation for our valued customers,"
said Joseph C. Muscari, chairman and chief executive officer of Minerals
Technologies. "We look forward to working with management and employees as we
focus on a seamless integration."

Cravath, Swaine&Moore LLP is acting as legal counsel to Minerals Technologies
and Lazard is acting as its financial advisor. J.P. Morgan is also acting as
a financial advisor.

About Minerals Technologies

New York-based Minerals Technologies Inc. is a resource- and technology-based
growth company that develops, produces and markets worldwide a broad range of
specialty mineral, mineral-based and synthetic mineral products and related
systems and services. The company recorded sales of $1.02 billion in 2013.

FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements, which describe or
are based on current expectations. Actual results may differ materially from
these expectations. In addition, any statements that are not historical fact
(including statements containing the words "believes," "plans,"
"anticipates," "expects," "estimates," "will," and similar expressions)
should also be considered to be forward-looking statements. The company
undertakes no obligation to publicly update any forward-looking statement,
whether as a result of new information, future events, or otherwise.
Forward-looking statements in this document should be evaluated together with
the many uncertainties that affect our businesses, particularly those
mentioned in the risk factors and other cautionary statements in our 2013
Annual Report on Form 10-K and in our other reports filed with the Securities
and Exchange Commission.

Minerals Technologies Media

Brunswick Group
Steve Lipin/Lauren Odell
212-333-3810

Minerals Technologies Media&Investor Relations

Rick B. Honey
212-878-1831

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Minerals Technologies Inc via Globenewswire

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