Grinding and Sizing Company, LLC Changes its Name to Prince Energy LLC
New York, June 1, 2014 – Prince International Corporation (“Prince”), a leading manufacturer and distributor of essential engineered solutions for diverse consumer and industrial markets, is pleased to announce that Grinding and Sizing Company, LLC has changed its name to Prince Energy LLC effective June 1, 2014. At the same time, Prince Energy LLC will be launching a new, more comprehensive website – www.princecorp.com/energy – which we encourage you to visit.
Under the ownership of Prince, Prince Energy has been strengthened with added resources in the areas of Research and Development, Quality, Customer Service, Sales, Production Support, and Procurement. Prince Energy has also implemented extensive capital improvement plans at its Houston and Lufkin production facilities. Our group mission is to deliver the high performance solutions our customers need to optimize drilling performance, minimize risk, and increase productivity. We will continue to combine our commitment to research and development with extensive oil and gas knowledge to ensure that our customers have access to specialists and to the extensive resources needed to meet today’s oil and gas drilling challenges. We are very excited that Prince Energy has come under the new Prince name, logo, and website.
“It was time to adopt a new brand identity consistent with the message of Prince today,” said Managing Director John Oliver, in announcing the new name and logo. “We want our new image to better reflect our position in the market as a comprehensive provider of high quality engineered materials and additives for the global energy market – adding value from source to solution at every step along the value chain”.
About Prince International Corporation
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 maintains numerous sales offices globally and operates 18 processing facilities located in North America, South America and Europe.
This press release may include forward-looking statements within the meaning of the U.S. federal securities laws in addition to historical information. These statements include but are not limited to our plans, objectives, expectations and intentions and other statements that contain words such as “expects,” “contemplates,” “anticipates,” “plans,” “intends,” “believes” and variations of such words or similar expressions that predict or indicate future events, or that do not relate to historical matters. These statements are based on our current beliefs or expectations and are inherently subject to significant uncertainties and changes in circumstances, many of which are beyond our control. There can be no assurance that our beliefs or expectations will be achieved. Actual results may differ materially from our beliefs or expectations due to economic, business, competitive, market and regulatory factors. Except as required by law, the company disclaims any obligation to publicly update such statements.