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POTTERS INDUSTRIES, LLC AGREES TO ACQUIRE BELGIUM’S SOVITEC MONDIAL S.A. Minimize

POTTERS INDUSTRIES, LLC AGREES TO ACQUIRE BELGIUM’S SOVITEC MONDIAL S.A.

 

MALVERN, PENNSYLVANIA, December 23, 2016 – Potters Industries, LLC, a leading producer of engineered glass products used in transportation safety, metal finishing, oil and gas and polymer additives, has entered into an agreement to acquire Sovitec Mondial S.A., a high quality producer of engineered glass products used in transportation safety, metal finishing and polymer additives.

 

“This transaction will enable both Potters and Sovitec to offer a more comprehensive, cost-effective and high-quality portfolio of products and services to our customers worldwide,” said Robert C. Mulhall, President of Potters.   

 

Added Orm Verberne, President and CEO of Sovitec: “Potters and Sovitec each have a passion of making a difference through product quality and service. Becoming part of Potters is an important step for the company’s development. We are very excited about the future and look forward adding a new chapter to our 62-year history.” 

 

The transaction is subject to regulatory approval and is expected to close in the first quarter of 2017. 

 

                About Potters:  Based in Malvern, Pennsylvania, Potters is a leading producer of engineered glass products used in transportation safety, metal finishing and polymer additives, and operates 25 facilities world-wide.  For more information visit www.pottersbeads.com.

 

About Sovitec:  Sovitec Mondial, based in Fleurus, Belgium, is a high quality producer of engineered glass products used in transportation safety, metal finishing and polymer additives.  Sovitec operates facilities in Belgium, Spain, Germany, France and Argentina.  For more information, visit www.sovitec.com. 

 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements can be identified by words such as “could,” “may,” “might,” “will,” “likely,” “anticipates,” “intends,” “plans,” “seeks,” “believes,” “estimates,” “expects,” “continues,” “projects” and similar references to future periods. Forward-looking statements are based on our current expectations and assumptions regarding our business, the economy and other future conditions. Because forward-looking statements relate to the future, by their nature, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, our actual results may differ materially from those contemplated by the forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by law.

 

Media Contacts:

 

Potters Industries, LLC

Joseph Grande

J. Grande Communications Inc.

(413) 684-2463

joe@jgrandecommunications.com

 

Sovitec Mondial S.A.

Rachel Duflot

+32 (0)478 510 965

rachel.duflot@sovitec.com

AASHTO Sets Maximum Limits for Heavy Metals

American Association of State Highway Transportation Officials (AASHTO) Sets Maximum Limits for Heavy Metals in Glass Beads Used For Highway Markings

     VALLEY FORGE, Pa., August 11, 2011 – A task force with the American Association of State Highway Transportation Officials (AASHTO) has recommended that heavy metals in glass beads for highway markings must meet a maximum allowable limit of 200 ppm for arsenic, 200 ppm for lead, and 200 ppm for antimony. The task force, which has studied heavy metals in glass beads used on highway markings for the past four years, made the recommendation to the association’s materials committee, which voted unanimously to recommend that all member states adopt limits at least as stringent as these.

      “We at the American Glass Bead Manufacturers’ Association (AGBMA) are encouraged by AASHTO’s recognition of the significance of this problem and find it appropriate AASHTO is recommending its member states set limits on arsenic, lead, and antimony,” said Bob McClune, president AGBMA. “Compliance by member states with these AASHTO recommendations will protect the environment, state highway workers, and the public at large.”  Twenty-four states already have set limits consistent with this recommendation, and there is hope that the remaining states will now rapidly implement minimum protective limits, McClune added. “We commend AASHTO for addressing this important issue,” he said.

      A three-year study sponsored by the New Jersey Department of Transportation reaffirmed prior research work which has shown that imported glass beads can have high levels of arsenic and lead and were quickly susceptible to leaching with exposure to ground water and normal environmental conditions, the association said. The findings from this exhaustive study solidify all the previous research and are consistent with a recent Texas A&M University Texas Transportation Institute (TTI) study. They also confirm what the membership has known to be true for quite some time, according to McClune.

      Over the past several years, the association has worked diligently to raise awareness of the issue, citing the need to hold all manufacturers to higher quality standards that protect the environment and highway worker safety by avoiding the use of products that contain hazardous materials. Setting a heavy metals standard for glass beads has gained strong support from environmental groups like the Sierra Club, state and federal lawmakers, and unions like the International Union of Operating Engineers.

 The focus on avoiding the utilization of glass beads containing hazardous materials is intensifying globally with the European Union, Australia, New Zealand, and several Canadian provinces already setting similar standards. China, a major source of these questionable glass beads, has also set strict heavy metal standards for internal use but continues to export contaminated glass bead products to other nations, including the U.S., according to the association.

About American Glass Bead Manufacturers’ Association

     The American Glass Bead Manufacturers’ Association, based in Valley Forge, Pa., was established in 1991 and represents a majority of the glass bead manufacturing base in the U.S. The trade group works toward the betterment of the industry and is involved in programs to expand and improve highway safety. For more information visit www.agbma.org.

PRESS CONTACT:

Joseph Grande
413.684.2463
joe.grande@verizon.net

 

 

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