Acquisition of Josef Opavsky und Sohn GmbH by Prince Minerals GmbH
Houston, August 30, 2017 – Prince Minerals GmbH, a subsidiary of PMHC II, Inc. (“Prince”), has acquired Josef Opavsky und Sohn GmbH (“Opavsky”). Founded in 1914 and based in Vallendar, Germany, Opavsky is a custom manufacturer and supplier of frits, glazes, and engobes for use as colorants in the ceramic, brick and roof tile industries in Europe.
Willson Ropp, Prince CEO, commented, “Together, Opavsky and Prince will engineer and produce value added coatings used in the brick, roofing tile, and ceramic industries. We believe that our customers will benefit from the strengths of the combined businesses.”
Headquartered in Houston, Texas, Prince is an innovative, high-growth company with a longstanding tradition of providing innovative products and technical services to a variety of industries worldwide, including frits, engobes, and glazes to the construction, industrial, appliance, and related 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 employs approximately 1,300 employees across its 25 facilities located on 6 continents (please visit www.princecorp.com for more information).
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