Acquisition of E&E Chemical and Service Company, LLC by Prince Energy LLC

Houston, November 18, 2015 - Prince Energy LLC, a subsidiary of Prince International Corporation (“Prince”), has acquired substantially all of the assets of E&E Chemical and Service Company, LLC (“E&E”).

Headquartered in Houston, Texas, Prince is an innovative, high-growth company with a longstanding tradition of providing high-level customer and technical service to a variety of industries worldwide, including Oil and Gas.

E&E was founded in 1994 to develop and distribute specialty chemicals for the oil and gas exploration, mining, construction and environmental drilling, and construction markets. E&E is also a supplier of patented mixed metal oxide (MMO) chemistries. The combined businesses will provide a broader platform of products and E&E’s customers will have strengthened technical support.

Willson Ropp, Prince CEO, commented, “We believe the oil and gas and mining industries will benefit from the strengths of the combined businesses. Our customers will see an increase in product solutions such as innovative rheology modifiers for water based mud systems and low volatile organic systems for concrete and asphalt cures.”

Prince combines international sourcing and processing capabilities with in-depth customer knowledge, world-class engineering, and value-added distribution to deliver essential engineered solutions to diverse consumer and industrial markets. Formed through a series of acquisitions since 2003, Prince is a portfolio company of private equity funds affiliated with Palladium Equity Partners, LLC. Prince’s products enjoy widespread use in brick, glass, foundries, steel, oil & gas, specialty coatings, agriculture, water treatment, and numerous other industrial applications. Prince operates 19 processing facilities and 10 offices located across North America, South America, Europe, and Africa (please visit www.princecorp.com for more information).

 

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