KaMin LLC Announces Agreement to Purchase Majority Ownership Position in Brazilian Kaolin Operator CADAM S.A.
KaMin LLC
07.05.2012 23:30
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MACON, Ga., 2012-05-07 23:30 CEST (GLOBE NEWSWIRE) --
KaMin LLC is pleased to announce its acquisition of a majority equity position
in CADAM S.A. and its subsidiaries. CADAM's production facilities are located
in Brazil next to some of the highest quality kaolin reserves in the world.
CADAM and its operating subsidiaries produce and supply fine particle size
kaolin to the premium coated paper producers across the world.
'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.
The KaMin LLC logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12144
The CADAM S.A. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12753
Doug Carter
Doug.Carter@kaminllc.com
+1 478 750 5488
News Source: NASDAQ OMX
07.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
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Language: English
Company: KaMin LLC
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901810260
WKN:
End of Announcement DGAP News-Service
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KaMin LLC
07.05.2012 23:30
---------------------------------------------------------------------------
MACON, Ga., 2012-05-07 23:30 CEST (GLOBE NEWSWIRE) --
KaMin LLC is pleased to announce its acquisition of a majority equity position
in CADAM S.A. and its subsidiaries. CADAM's production facilities are located
in Brazil next to some of the highest quality kaolin reserves in the world.
CADAM and its operating subsidiaries produce and supply fine particle size
kaolin to the premium coated paper producers across the world.
'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.
The KaMin LLC logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12144
The CADAM S.A. logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=12753
Doug Carter
Doug.Carter@kaminllc.com
+1 478 750 5488
News Source: NASDAQ OMX
07.05.2012 Dissemination of a Corporate News, transmitted by DGAP -
a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
DGAP's Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Media archive at www.dgap-medientreff.de and www.dgap.de
---------------------------------------------------------------------------
Language: English
Company: KaMin LLC
United States
Phone:
Fax:
E-mail:
Internet:
ISIN: US9901810260
WKN:
End of Announcement DGAP News-Service
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