KPS Capital Partners acquire the porcelain enamel, glass coatings and forehearth colorants businesses of Prince International Corporation.
A message from Chief Executive Officer of PEMCO International, Jonathan Cork.
“We are thrilled to partner with KPS on this exciting new chapter for PEMCO. KPS and the PEMCO team are deeply committed to investing in the Company’s assets, technical know-how and operations and collaborating with customers to further expand our portfolio of high-quality products and services. Under KPS’ ownership, we will pursue a range of growth and operational initiatives to build upon our long and successful history. KPS has an impressive 30-year track record in successfully investing in global manufacturing businesses and will be a supportive owner who is committed to working with the PEMCO team to further develop the business and the strong relationships with our customers”.
A message from a Partner of KPS Mid-Cap Investments, Pierre de Villeméjane.
“PEMCO presents a tremendous investment opportunity for KPS. PEMCO is a leading global manufacturer of porcelain enamels and specialized glass enamels with long-standing customer relationships and a strong reputation for product quality, customer service and product innovation. We look forward to working with Jonathan, PEMCO’s talented management team and its dedicated employees to build upon this great platform. PEMCO’s strong brand, portfolio of intellectual property and commitment to quality, combined with KPS’ strategic, operational, and financial resources, provide an ideal foundation for future growth.”
Full Press Release