Armacell
Armacell Group: Armacell and KÖPP announce ‘Partnership for Excellence’
DGAP-News: Armacell Group / Key word(s): Agreement/Miscellaneous Press release Armacell and KÖPP announce “Partnership for Excellence”
Luxembourg, Aachen, 5 March 2018 – Armacell, a global leader in flexible foam for the equipment insulation market and a leading provider of engineered foams, and Köpp, a leading manufacturer and processor of cellular rubber and polyethylene foam, today announced their “Partnership for Excellence”. As part of this agreement, Köpp will transfer its proprietary and industry-leading bun foam technology to Armacell. Both parties will increase global product availability and provide customers with extended service coverage. Following an initial period of calibration, Armacell will launch commercial production at its US-based component foams manufacturing facility underlining its recent capacity expansion plans and thus driving product innovation. The “Partnership for Excellence” will initially run for a 15-year term with multiple extension possibilities. Commenting on the announcement, Patrick Mathieu, President & CEO of the Armacell Group, said: “We are delighted to partner with Köpp which has proven to be an industry leader in its markets. Our component foams customers will gain access to a broader suite of high-tech products, which in turn will enable them to satisfy their customers’ specific requirements.“ “We are proud to work with Armacell, an industry leader and distribution powerhouse,” Achim Raab, Managing Director and owner of Köpp, added. “This agreement marks a milestone in the evolution of Köpp and will provide customers worldwide with access to our proprietary technology.“ The parties have agreed to remain silent on the financial terms of this agreement. -ends- About ARMACELL For more information, please visit: www.armacell.com About KÖPP Köpp is worldwide known for highest quality, efficient development, innovations and dynamic growth. The privately owned company with approx. 300 employees in Germany, Romania and India is well positioned to face the challenges of the future. For more information, please visit: www.koepp.de/en Contacts
05.03.2018 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |