OK
The Universal Selection Source:
Coatings Ingredients
Industry News

Exousia Makes First North American Acquisition

Published on 2008-03-10. Author : SpecialChem

SUGAR LAND, Texas -- Exousia Advanced Materials, Inc. has announced that on March 5 the company has acquired all of the assets of AEGEON, LLC. AEGEON is engaged in the manufacture, marketing, sale and distribution of specialty industrial coatings and sealants.

AEGEON is a industrial coatings manufacturing and distribution company with over 50 years of service to the petrochemical, oil & gas and off-shore industries. They currently produce and distribute two hundred coatings formulas including severe-environment protection. "For a company of this size, the enormous product selection demonstrates AEGEON's vast knowledge of the intricacies of the coatings industry," noted Exousia's VP of Marketing, Rod Watkins.

"AEGEON approached $2 million in sales in 2007," stated Exousia CEO J. Wayne Rodrigue. "As an established profitable company, this acquisition is immediately accretive to both revenue and earnings for Exousia from AEGEON's existing domestic operations. We're already approaching new customers and I anticipate strong growth as we implement our marketing strategies. Between the AEGEON acquisition and projected revenue already under contract from China we look forward to a promising year in 2008," added Mr. Rodrigue.

"This is an important acquisition for Exousia," comments Mr. Watkins. "It gives us immediate access to established distribution channels to market our industrial and extreme-environment coatings with VISTAMER® in North America. We are encouraged by the strong interest we have received from potential new customers and look forward to expanding AEGEON's revenue base."

AEGEON is strategically located in the Gulf Coast area of Texas. This location was selected for its proximity to the numerous oil drilling and refining companies and the pervasive amounts of heavy equipment required for these industries. AEGEON's industrial coatings provide protection from exposure to the corrosive industrial environment and the Gulf's severe weather conditions.

VISTAMER® Rubber Engineered Particles are additives used to enhance the performance characteristics of urethanes, epoxies and adhesives. Exousia's industrial coatings are a family of high- performance epoxies that are formulated with VISTAMER Engineered Particles.

About Exousia Advanced Materials, Inc.:

Exousia Advanced Materials, Inc. develops, manufactures and markets advanced industrial materials for worldwide markets and applications. Exousia products include proprietary resins, additives, industrial coatings and structural materials. Exousia products enhance strength, durability, cost effectiveness and performance for a wide range of manufacturing, commercial and construction applications.

FORWARD LOOKING STATEMENTS

Statements released by Exousia Advanced Materials, Inc. that are not purely historical are forward looking within the meaning of the "Safe Harbor" provisions of the Private Securities Litigation Reform Act of 1995 including statements regarding the company's expectations, hopes, intentions and strategies for the future. Investors are cautioned that forward looking statements involve risk and uncertainties that may affect the company's business prospects and performance. The company's actual results could differ materially from those in such forward looking statements. Risk factors include but are not limited to general economic, competitive, governmental and technological factors as discussed in the company's filings with the SEC on Forms 10-K, 10-Q and 8-K. The company does not undertake any responsibility to update the forward looking statements contained in this release.

Source: Exousia Advanced Materials, Inc.


Halcyon Group 3rd R&D Innovation Summit
Back to Top