Mississippi Lime Company Announces Hydrator Expansion
St. Louis, MO, USA – Mississippi Lime today announced approval for construction of a calcium hydroxide facility to manufacture the company’s High Reactivity Hydrated Lime at its Verona, KY plant site. The expansion will focus on producing hydrated lime for acid gas control in the greater Cincinnati area. The Verona location will be the second company plant to manufacture High Reactivity Hydrated Lime. Mississippi Lime’s Ste. Genevieve, MO plant began manufacturing High Reactivity Hydrated Lime in December 2013.
Mississippi Lime is a leading supplier of reagents for Dry Sorbent Injection (DSI) applications for Air Pollution Control at coal fired utility and industrial sites. High Reactivity Hydrated Lime offers better removal of acidic gas pollutants such as sulfuric acid mist and hydrochloric acid. One of the key advantages of High Reactivity Hydrated Lime is better in-flight capture of those pollutants, which allows users the ability to achieve significant operational benefits as well as to meet stringent environmental regulations.
The Verona project includes significant finished storage capacity to support customer requirements for availability and convenience. Project construction will take approximately 12 months and operations are expected to begin in the 1st quarter of 2016.
Mississippi Lime Company, based in St. Louis, MO is a leading manufacturer of calcium products and calcium based solutions including calcium oxide, calcium hydroxide and calcium carbonate products with production facilities in Missouri, Kentucky, Ohio, Illinois, Mississippi, West Virginia, South Carolina and Alabama.
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About HBM Holdings
HBM Holdings (http://www.hbmholdings.com) is a St. Louis-based, privately held company that acquires, builds, and operates middle-market businesses. HBM’s mission is to build value and manage the risk profile of its portfolio by investing in markets with attractive long-term fundamentals.
The company focuses on acquiring product-centric businesses with strong current or potential market positions within identifiable niche markets and then using its deep general management and functional expertise, strong balance sheet, and long-term strategic perspective to create value both organically and through bolt-on acquisitions.
HBM Holdings currently has three portfolio companies – Mississippi Lime Company (St. Louis, MO; legacy business), Delavau (Philadelphia, PA; acquired 2012), and Tru-Flex (West Lebanon, IN; acquired 2013) – and is actively targeting new platform opportunities with between $5 million and $15 million in EBITDA.