KaMin acquires majority interest in Brazilian kaolin producer

qiangzi

Thursday, May 17, 2012

Macon, GA - KaMin announced 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 customers' technical needs and delivered cost expectations to all regions of the world.” 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. Cadam’s operations are located in the Amazon region of Brazil and has offices and warehouses in Antwerp, Belgium and Shanghai, China.