KaMin LLC Announces Agreement to Purchase Majority Ownership Position in Brazilian Kaolin Operator CADAM S.A.
“This acquisition represents our continued investment in kaolin products that deliver value to our customers”, stated Harlan Archer, President of KaMin. “Our combined production and logistics capabilities allow us to improve our ability to address our customer's technical needs and delivered cost expectations to all regions of the world.”
Rankin Hobbs, CEO of KaMin commented, “We believe that fine particle clays are one of the keys to our customers producing high quality, low cost coated paper. CADAM‘s products complement KaMin’s in both the quality of the products and regions served allowing our combined companies to ensure we can deliver value to customers across the world and they in turn can meet their customer's needs. We also know that the key to success of both companies has been the level of service the people of KaMin and CADAM have provided their customers. We will ensure our customers across the world receive the same high quality service to which they have become accustomed.”
KaMin and CADAM both supply premium kaolin clays to the paper industry. KaMin‘s products also serve many non-paper applications including ink, rubber, plastics, adhesives and paints. “We look forward to working with CADAM to enhance their offerings to other markets beyond paper and believe that in doing so we will be able to deliver value to CADAM’s shareholders and customers”, stated Doug Carter, Vice President Technology and Business Development.
“We are excited about KaMin's decision to invest in CADAM”, stated Joao Duarte Neto, Sales Director for CADAM. “Our product offerings and customer base are complimentary and we believe our existing customers will see benefits from our combined efforts and that we will be able to develop new customers outside our traditional paper markets.”
KaMin LLC is a leading producer of kaolin to a global customer base from its operations in Georgia. CADAM S.A. is a leading producer of fine particle kaolin with operations located in the Amazon region of Brazil. CADAM also has offices and warehouses in Antwerp Belgium and Shanghai, China.
Website: http://www.kaminllc.com
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Doug Carter
+1 478 750 5488
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This news is a press release provided by KaMin LLC. Korea Newswire follows these editorial guidelines.
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2014년 5월 30일 03:00
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2013년 11월 8일 21:00