NCS000292_Name-Owner Change Supporting Info_20180809

Ergon Purchases Resinall
August 02, 2018 10:10 AM Eastern Daylight Time
JACKSON, Miss.--(BUSINESS WIRE)--Ergon, Inc., announced that its wholly owned subsidiary, Ergon Chemicals,
LLC, completed the purchase of Resinall Corp, Resinall Mississippi Inc., Industrial Transport Inc., and Resinall
QALICB, LLC, (Resinall) on August 1, 2018. Resinall is a manufacturer of thermoplastic resins and polymers with
manufacturing facilities in Hattiesburg, Mississippi, and Severn, North Carolina. This acquisition moves Ergon into the
specialty chemicals market, building upon the company’s commitment to being a global leader in the refining and
marketing of specialty products.
Resinall utilizes both natural and synthetic raw materials, chemical reactions and process equipment to create
binders and elastomer modifiers for a wide range of industrial applications. Like Ergon, the company serves
customers in the adhesive, tire, ink, and specialty markets around the world.
“Resinall and Ergon are known for consistent supply of hydrocarbon specialty products and unparalleled customer
service,” commented Emmitte Haddox, Ergon CEO. “The overlap in our key industries and customer base makes
Resinall a perfect fit for the Ergon organization. Ergon’s existing terminaling, trucking and waterways transport
infrastructure, as well as our technical and operational expertise and support, will help Resinall achieve even greater
success. Our company cultures are remarkably similar, with utmost importance placed on safety, employees,
technology, quality products, and customer relationships.”
Like Ergon, which was started by Leslie Lampton with just two employees in 1954 and has grown to serve customers
in over 90 countries around the world, Resinall was founded by a visionary who came from humble beginnings. The
family-owned company was established by John M. Godina in 1981 and has been managed by his wife, his two sons,
and an executive management team since his death in 2012.
“As we considered potential suitors for Resinall, Ergon was by far the best fit,” said Lee Godina, former President of
Resinall. “Not only does Ergon understand what it means to be a manufacturer, but they deeply value employees and
support customers.”
“We are excited to welcome Resinall to the Ergon family,” Haddox added. “We look forward to continued growth for
both companies in the future.”
KeyBanc acted as exclusive sell-side advisor to Resinall on the transaction.
About Resinall Corp:
Resinall is a manufacturer of thermoplastic resins/polymers used as binders and/or elastomer modifiers in a wide
range of industrial applications including adhesive, tire, ink, and specialty markets. The company’s manufacturing
facilities in Hattiesburg, Mississippi, and Severn, North Carolina, have a combined annual capacity of approximately
160 million pounds.
About Ergon:
Ergon is a family-owned company that operates in six business segments: Refining & Marketing, Asphalt &
Emulsions, Transportation & Terminaling, Oil & Gas, Real Estate, and Corporate & Other. Within Ergon's refining
segment, Ergon Refining, Inc., is the world’s largest producer of specialty naphthenic oils and Ergon - West
Virginia, Inc., is a major manufacturer of Group I and Group II paraffinic base oils. Product lines include HyGold base
oils, HyPrene process oils, HyVolt insulating oils, and HyPrint ink oils.
Contacts
Ergon, Inc.
Kathy Potts, 601-933-3000
Director of Marketing Communications
[e-mail]
ergon.com