Acquisition of Oxidry Minerais Ltda by Prince Aditivos e Revestimentos Ltda
Houston, March 1, 2016 – Prince Aditivos e Revestimentos Ltda, a Brazilian subsidiary of Prince International Corporation (“Prince”), has acquired Oxidry Minerais Ltda (“Oxidry”).
Founded in 2004 and based in Guararema, São Paulo, Brazil, Oxidry is a mineral processing company that focuses on color and performance applications of industrial minerals primarily for the glass, foundry and construction markets.
“This acquisition will enhance Prince’s manufacturing and sales footprint in the glass, construction, foundry, and refractory markets for both Brazil and the rest of Latin America,” said Willson Ropp, Prince CEO. “The Oxidry business will also complement our existing coatings and colorants business in Latin America that services the appliance, cookware, architectural, and industrial markets.”
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).