CETCO Liquid Boot Company

AMCOL International (NYSE: ACO) Environmental Segment Announces Acquisition of LBI Technologies, Inc.


Source: CETCO Liquid Boot Company

ARLINGTON HEIGHTS, Ill. /PRNewswire-FirstCall/ -- AMCOL International Corporation , through its subsidiary, CETCO Liquid Boot Company, today announced it has acquired the business assets of LBI Technologies, Inc. The total purchase price was $19.5 million, of which $18.3 million was paid at closing. After two years, the remaining amount will be paid assuming indemnification provisions in the asset purchase agreement have been satisfied. No other terms of the transaction were disclosed.

Based in Santa Ana, California, LBI Technologies has been in operation since 1991. LBI Technologies' principal product is LIQUID BOOT® -- a liquid spray-applied asphalt based coating that is applied under slabs and/or backfilled walls as part of a barrier system to prevent the intrusion of gas or organic vapors into occupied structures or buildings.

The acquisition of this liquid applied barrier manufacturer will complement CETCO's current Remediation Technologies product line and be operated as CETCO Liquid Boot Company.

As indicated by Patrick Carpenter, CETCO Construction Products vice president, 'We believe LBI Technologies' established position in the rapidly growing brownfield redevelopment market will greatly enhance CETCO's remediation technology capabilities. The addition of LBI's spray barrier, LIQUID BOOT®, will expand the current product line offered for the mitigation and remediation of contaminated soils, as well as methane and vapor intrusion.'

CETCO Liquid Boot Company intends to continue to maintain a sales office and manufacturing facility in Santa Ana, California.

CETCO is a wholly-owned subsidiary of AMCOL International Corp. AMCOL produces and markets specialty mineral products used for industrial, environmental and consumer-related applications. The company operates in four industry segments, minerals, environmental, oilfield services and transportation. AMCOL's common stock is traded on the New York Stock Exchange under the symbol 'ACO.'

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