NEW YORK, Sept. 21, 2017 (GLOBE NEWSWIRE) -- Minerals Technologies Inc. (NYSE:MTX) announced today that its Board of Directors has authorized a new, two-year $150 million share repurchase program. This authorization will become effective when the current two-year $150 million program expires on October 1, 2017.
"Our Board of Directors has indicated its confidence in the company's continued cash-generating ability by authorizing this $150 million share repurchase program," said Douglas T. Dietrich, Chief Executive Officer. "Furthermore, it demonstrates that the company will maintain its balanced approach to capital deployment.”
About Minerals Technologies Inc.
New York-based Minerals Technologies Inc. (MTI) 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. MTI serves the paper, foundry, steel, construction, environmental, energy, polymer and consumer products industries. The company reported sales of $1.638 billion in 2016. For further information, please visit our website at www.mineralstech.com.