Acquisition of Optimin Minerals Business by Prince Minerals SA Pty Limited

Houston, May 3, 2018 – Prince Minerals SA Proprietary Limited, a subsidiary of Prince International Corporation (“Prince”), announces the acquisition of the assets of Optimin Minerals Proprietary Limited (“Optimin”).

Founded in 1973 and based in Johannesburg, South Africa, Optimin is a global supplier of mineral solutions with a dedicated team of professionals that provides fillers, additives, catalysts, carriers and extenders, and other mineral products for use in the agriculture, construction and manufacturing and mineral processing industries.

“We believe that Optimin customers will benefit under the new ownership with an increase in service solutions and access to an expanded product portfolio. Optimin’s values of respect, enthusiasm, commitment, quality, and attention to details align with the Prince culture,” said Willson Ropp, Prince CEO. “We fully expect that customers will receive the same high level of service and attention to detail that they have come to expect.”

Headquartered in Houston, Texas, Prince serves a diverse range of consumer and industrial end markets world-wide by developing, manufacturing and marketing performance-critical additives. Many of the Prince’s products are custom-developed for specific customer applications in a variety of industries, including construction, glass, electronics, consumer products, agriculture, battery, automotive, oil & gas, and heavy equipment. Prince employs approximately 1,300 employees across its 25 facilities located on 6 continents. Prince is a portfolio company of American Securities LLC. For more information, visit www.princecorp.com.

 

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