KPS Capital Partners, a family of investment funds with approximately $13.1bn of assets under management, agreed to acquire the porcelain enamel, glass coatings, forehearth colorants and frit-based metallurgical products businesses of American Securities-backed Prince International, a world-class producer of engineered minerals and specialty chemicals. Financial terms were not disclosed. "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," Pierre de Villeméjane, KPS Partner.